-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Hm93O9E3oX2FJbjXcU9b0H8EeXnosCjfoHJISTJzoUhpsEDEGZctjQzEo0g9721M G6RCRvAzSw6e2MkTIptWTw== 0000035315-10-000015.txt : 20100401 0000035315-10-000015.hdr.sgml : 20100401 20100401142207 ACCESSION NUMBER: 0000035315-10-000015 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100131 FILED AS OF DATE: 20100401 DATE AS OF CHANGE: 20100401 EFFECTIVENESS DATE: 20100401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY CHARLES STREET TRUST CENTRAL INDEX KEY: 0000354046 IRS NUMBER: 000000000 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-03221 FILM NUMBER: 10723266 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE ST CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 2145064081 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET STREET 2: MAIL ZONE Z1C CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY U S GOVERNMENT RESERVES FUND DATE OF NAME CHANGE: 19880201 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY FEDERAL RESERVES DATE OF NAME CHANGE: 19820215 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY UNITED STATES TREASURY TRUST DATE OF NAME CHANGE: 19811020 0000354046 S000017647 Fidelity Global Balanced Fund C000048772 Fidelity Global Balanced Fund C000074277 Fidelity Advisor Global Balanced Fund: Class A C000074278 Fidelity Advisor Global Balanced Fund: Class B C000074279 Fidelity Advisor Global Balanced Fund: Class C C000074280 Fidelity Advisor Global Balanced Fund: Class T C000074281 Fidelity Advisor Global Balanced Fund: Institutional Class N-Q 1 main.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-3221

Fidelity Charles Street Trust
 (Exact name of registrant as specified in charter)

82 Devonshire St., Boston, Massachusetts 02109
 (Address of principal executive offices)       (Zip code)

Scott C. Goebel, Secretary

82 Devonshire St.

Boston, Massachusetts 02109
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-563-7000

Date of fiscal year end:

October 31

 

 

Date of reporting period:

January 31, 2010

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity® Global Balanced Fund

January 31, 2010 

1.813033.105

GBL-QTLY-0310

Investments January 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 58.6%

Shares

Value

Australia - 3.2%

AMP Ltd.

200,401

$ 1,109,301

BHP Billiton Ltd.

59,034

2,051,360

Coca-Cola Amatil Ltd.

90,121

871,006

Commonwealth Bank of Australia

33,518

1,577,646

Computershare Ltd.

100,638

1,033,164

Harvey Norman Holdings Ltd.

235,696

766,964

Macquarie Group Ltd.

14,994

665,044

Myer Holdings Ltd.

72,387

204,826

National Australia Bank Ltd.

53,805

1,254,607

Newcrest Mining Ltd.

29,110

811,599

QBE Insurance Group Ltd.

49,668

1,006,622

Ramsay Health Care Ltd.

46,714

473,790

Rio Tinto Ltd.

12,144

730,207

Wesfarmers Ltd.

34,390

836,561

Woolworths Ltd.

37,229

851,305

TOTAL AUSTRALIA

14,244,002

Bailiwick of Jersey - 0.2%

Experian PLC

64,800

616,112

Heritage Oil PLC (a)

21,500

169,823

Shire PLC

9,557

189,272

TOTAL BAILIWICK OF JERSEY

975,207

Belgium - 0.5%

Anheuser-Busch InBev SA NV

20,666

1,031,238

Anheuser-Busch InBev SA NV (strip VVPR) (a)

9,280

64

Fortis (a)

85,300

300,270

Gimv NV

1,900

97,295

Umicore SA

26,092

804,137

TOTAL BELGIUM

2,233,004

Bermuda - 0.3%

Bunge Ltd.

5,000

293,950

Marvell Technology Group Ltd. (a)

22,000

383,460

Seadrill Ltd. (e)

16,800

381,205

Signet Jewelers Ltd. (United Kingdom) (a)

15,000

401,216

TOTAL BERMUDA

1,459,831

Brazil - 0.1%

Banco Santander (Brasil) SA ADR

26,400

317,856

Canada - 2.8%

Agnico-Eagle Mines Ltd. (Canada)

1,500

75,821

Common Stocks - continued

Shares

Value

Canada - continued

Agrium, Inc.

1,500

$ 84,364

Alimentation Couche-Tard, Inc. Class B (sub. vtg.)

13,100

246,735

ARC Energy Trust unit

1,000

18,517

Astral Media, Inc. Class A (non-vtg.)

1,300

41,226

Bank of Montreal

5,500

267,465

Bank of Nova Scotia

8,500

356,359

Barrick Gold Corp.

7,900

274,243

BCE, Inc.

7,200

184,966

Bombardier, Inc. Class B (sub. vtg.)

5,000

23,567

Brookfield Asset Management, Inc. Class A

3,300

66,506

Brookfield Properties Corp.

6,800

81,590

Cameco Corp.

3,000

81,081

Canadian Imperial Bank of Commerce

1,800

107,566

Canadian National Railway Co.

3,400

169,539

Canadian Natural Resources Ltd.

6,600

421,257

Canadian Oil Sands Trust

3,500

90,798

Canadian Pacific Railway Ltd.

2,200

103,859

Canadian Tire Ltd. Class A (non-vtg.)

1,100

55,015

Canadian Utilities Ltd. Class A (non-vtg.)

1,500

60,685

Celestica, Inc. (sub. vtg.) (a)

14,600

142,546

Cenovus Energy, Inc.

6,700

154,827

CGI Group, Inc. Class A (sub. vtg.) (a)

23,900

314,927

CI Financial Corp.

7,300

149,031

Compton Petroleum Corp. (a)

49,500

43,977

Corus Entertainment, Inc. Class B (non-vtg.)

400

6,958

Crescent Point Energy Corp.

3,300

116,810

Eldorado Gold Corp. (a)

3,800

45,132

Emera, Inc.

2,300

49,751

Enbridge, Inc.

4,000

173,609

EnCana Corp.

8,400

256,878

Fairborne Energy Trust (a)

13,300

60,946

Fairfax Financial Holdings Ltd. (sub. vtg.)

200

67,859

First Quantum Minerals Ltd.

1,900

137,796

Fortis, Inc.

2,100

54,400

George Weston Ltd.

700

45,104

Gildan Activewear, Inc. (a)

3,800

81,487

Goldcorp, Inc.

10,000

338,913

HudBay Minerals, Inc. (a)

2,800

31,658

Husky Energy, Inc.

3,000

74,628

IAMGOLD Corp.

3,500

46,119

IESI-BFC Ltd.

3,800

59,951

IGM Financial, Inc.

2,300

89,737

Common Stocks - continued

Shares

Value

Canada - continued

Imperial Oil Ltd.

3,400

$ 122,226

Inmet Mining Corp.

900

45,577

Intact Financial Corp.

1,100

38,844

Iteration Energy Ltd. (a)

51,500

58,276

Keyera Facilities Income Fund

37,670

854,647

Kinross Gold Corp.

8,400

135,981

Magna International, Inc. Class A (sub. vtg.)

3,100

170,525

Manulife Financial Corp.

5,200

95,023

Methanex Corp.

4,100

91,639

Metro, Inc. Class A (sub. vtg.)

1,000

36,538

Nexen, Inc.

3,900

85,382

Niko Resources Ltd.

1,700

156,979

Open Text Corp. (a)

1,400

55,159

Osisko Mining Corp. (a)

6,000

43,991

PetroBakken Energy Ltd. Class A

10,917

302,711

Petrobank Energy & Resources Ltd. (a)

6,800

335,962

Potash Corp. of Saskatchewan, Inc.

2,600

257,544

Power Corp. of Canada (sub. vtg.)

4,700

123,335

Power Financial Corp.

1,500

42,308

Progress Energy Resources Corp.

3,800

49,077

Quebecor, Inc. Class B (sub. vtg.)

1,800

48,261

Red Back Mining, Inc. (a)

3,000

45,086

Research In Motion Ltd. (a)

6,700

421,832

RioCan (REIT)

4,100

73,196

Rogers Communications, Inc. Class B (non-vtg.)

7,850

244,904

RONA, Inc. (a)

2,200

32,116

Royal Bank of Canada

13,400

655,150

Shaw Communications, Inc. Class B

3,900

72,580

Silver Wheaton Corp. (a)

3,700

51,038

SNC-Lavalin Group, Inc.

1,400

64,115

Sun Life Financial, Inc.

1,400

40,888

Suncor Energy, Inc.

16,072

507,426

SXC Health Solutions Corp. (a)

1,800

84,521

Talisman Energy, Inc.

13,200

218,375

Teck Resources Ltd. Class B (sub. vtg.) (a)

7,700

252,106

TELUS Corp.

2,050

63,515

Tim Hortons, Inc.

4,500

128,880

Toronto-Dominion Bank

9,200

542,037

TransCanada Corp.

6,300

201,320

Yamana Gold, Inc.

6,000

60,432

TOTAL CANADA

12,263,705

Common Stocks - continued

Shares

Value

Cayman Islands - 0.1%

Hengdeli Holdings Ltd.

668,000

$ 221,980

Herbalife Ltd.

6,000

233,100

TOTAL CAYMAN ISLANDS

455,080

Chile - 0.0%

Embotelladora Andina SA sponsored ADR

5,000

99,400

China - 0.7%

Baidu.com, Inc. sponsored ADR (a)

2,900

1,193,959

BYD Co. Ltd. (H Shares) (a)

65,500

480,033

Tencent Holdings Ltd.

83,700

1,565,342

TOTAL CHINA

3,239,334

Denmark - 0.4%

Carlsberg AS Series B

4,500

335,600

Danske Bank AS (a)

8,869

210,653

FLSmidth & Co. A/S

6,100

388,682

Novo Nordisk AS Series B

14,288

966,660

William Demant Holding AS (a)

600

46,824

TOTAL DENMARK

1,948,419

Finland - 0.2%

Fortum Corp.

22,000

558,266

Metso Corp.

6,900

231,565

Nokian Tyres PLC

9,768

236,153

TOTAL FINLAND

1,025,984

France - 2.3%

Alstom SA

4,522

301,923

Atos Origin SA (a)

7,275

338,330

AXA SA

31,047

639,260

Cap Gemini SA

5,300

235,332

CFAO SA

2,400

95,821

Essilor International SA

8,188

476,295

Groupe Eurotunnel SA

11,600

111,829

Iliad Group SA

3,741

414,617

L'Oreal SA

7,600

801,311

PPR SA

5,000

609,711

Remy Cointreau SA

9,000

451,076

Sanofi-Aventis

26,179

1,935,721

Schneider Electric SA

9,344

963,936

Societe Generale Series A

12,401

717,461

Common Stocks - continued

Shares

Value

France - continued

Total SA sponsored ADR

33,400

$ 1,923,506

Vallourec SA

1,180

202,957

TOTAL FRANCE

10,219,086

Germany - 1.6%

Aixtron AG

3,800

114,311

BASF AG

15,770

895,047

Bayerische Motoren Werke AG (BMW)

9,668

412,089

Deutsche Bank AG

9,600

585,312

Deutsche Boerse AG

8,498

556,315

Deutsche Lufthansa AG (Reg.)

9,900

158,446

Deutsche Postbank AG (a)

7,000

213,127

E.ON AG

36,762

1,349,313

HeidelbergCement AG

8,530

514,019

Infineon Technologies AG (a)

37,000

201,650

Linde AG

4,724

516,397

Metro AG

2,500

136,367

Rheinmetall AG

6,700

426,204

SAP AG

16,238

735,906

Siemens AG (Reg.)

4,369

389,322

TOTAL GERMANY

7,203,825

Greece - 0.2%

Coca-Cola Hellenic Bottling Co. SA

10,100

231,477

Fourlis Holdings SA

16,600

202,060

National Bank of Greece SA (a)

27,200

594,546

TOTAL GREECE

1,028,083

Hong Kong - 0.8%

BOC Hong Kong Holdings Ltd.

188,500

395,746

Hang Seng Bank Ltd.

56,900

799,566

Li & Fung Ltd.

170,000

779,500

Sun Hung Kai Properties Ltd.

41,000

529,666

Swire Pacific Ltd. (A Shares)

71,000

775,939

TOTAL HONG KONG

3,280,417

India - 0.1%

Dr. Reddy's Laboratories Ltd. sponsored ADR (e)

14,000

331,940

Ireland - 0.5%

Covidien PLC

17,000

859,520

CRH PLC

20,747

498,204

Common Stocks - continued

Shares

Value

Ireland - continued

Ingersoll-Rand Co. Ltd.

17,600

$ 571,296

Warner Chilcott PLC (a)

10,000

273,300

TOTAL IRELAND

2,202,320

Israel - 0.6%

Teva Pharmaceutical Industries Ltd. sponsored ADR

46,000

2,609,120

Italy - 0.4%

Fiat SpA (a)

18,600

233,086

Intesa Sanpaolo SpA

170,136

647,623

Mediaset SpA

72,400

549,555

Prysmian SpA

13,100

237,745

TOTAL ITALY

1,668,009

Japan - 6.4%

ACOM Co. Ltd. (e)

4,480

77,223

Aisin Seiki Co. Ltd.

7,900

209,686

Ajinomoto Co., Inc.

39,000

370,256

Alps Electric Co. Ltd. (a)

24,100

138,294

Asahi Glass Co. Ltd.

11,000

110,402

Bridgestone Corp.

23,200

371,889

Canon, Inc.

11,700

457,305

Chuo Mitsui Trust Holdings, Inc.

233,000

828,548

Citizen Holdings Co. Ltd.

22,300

146,740

CyberAgent, Inc.

42

73,513

Daicel Chemical Industries Ltd.

74,000

445,951

Dainippon Screen Manufacturing Co. Ltd. (a)

25,000

122,964

Daiwa House Industry Co. Ltd.

93,000

982,851

Denso Corp.

26,200

773,491

Fuji Machine Manufacturing Co. Ltd.

3,400

51,940

Fujifilm Holdings Corp.

6,700

214,580

Fujitsu Ltd.

48,000

295,646

Hitachi Transport System Ltd.

7,100

94,305

Honda Motor Co. Ltd.

27,600

935,288

Japan Tobacco, Inc.

86

311,532

JSR Corp.

27,000

533,300

Kakaku.com, Inc.

56

206,580

Kansai Paint Co. Ltd.

15,000

121,967

Kobayashi Pharmaceutical Co. Ltd.

8,800

351,435

Kuraray Co. Ltd.

56,500

659,699

Lawson, Inc.

2,900

131,716

Matsumotokiyoshi Holdings Co. Ltd.

12,200

267,057

Mitsubishi Electric Corp. (a)

43,000

336,779

Common Stocks - continued

Shares

Value

Japan - continued

Mitsubishi Tanabe Pharma Corp.

12,000

$ 170,422

Mitsubishi UFJ Financial Group, Inc.

285,500

1,469,122

Mitsubishi UFJ Lease & Finance Co. Ltd.

7,100

245,397

Mitsui & Co. Ltd.

60,900

898,624

Mitsui Sumitomo Insurance Group Holdings, Inc.

37,200

933,400

NHK Spring Co. Ltd.

17,000

148,399

Nichi-iko Pharmaceutical Co. Ltd.

5,400

165,105

Nippon Building Fund, Inc.

41

362,446

Nippon Electric Glass Co. Ltd.

22,000

310,978

Nippon Express Co. Ltd.

56,000

235,737

Nippon Oil Corp.

28,000

131,206

Nippon Sheet Glass Co. Ltd.

33,000

85,543

Nippon Steel Corp.

196,000

714,346

Nippon Television Network Corp.

7,240

993,726

Nissan Motor Co. Ltd. (a)

22,100

179,637

Nomura Holdings, Inc.

55,900

417,901

NSK Ltd.

97,000

705,982

NTT DoCoMo, Inc.

396

592,742

Okinawa Cellular Telephone Co.

56

103,724

ORIX Corp.

9,540

718,644

Osaka Securities Exchange Co. Ltd.

42

233,566

Park24 Co. Ltd.

14,200

149,755

Rakuten, Inc.

665

544,406

ROHM Co. Ltd.

3,800

256,364

Samco, Inc.

2,600

61,925

Sega Sammy Holdings, Inc.

7,400

83,452

Shin-Etsu Chemical Co., Ltd.

12,100

634,020

Shinko Electric Industries Co.Ltd.

24,900

337,627

SKY Perfect JSAT Holdings, Inc.

420

179,827

SMC Corp.

4,800

581,190

SOFTBANK CORP.

3,700

94,314

Sony Corp.

18,000

600,296

Stanley Electric Co. Ltd.

19,200

367,963

Sumco Corp.

7,300

125,993

Sumitomo Corp.

9,500

107,239

Sumitomo Electric Industries Ltd.

54,700

720,486

Sumitomo Mitsui Financial Group, Inc.

12,600

409,671

T&D Holdings, Inc.

21,750

451,288

Taiyo Yuden Co. Ltd.

10,000

153,983

TDK Corp.

15,700

1,019,187

Tokai Carbon Co. Ltd.

34,000

160,075

Toridoll Corp.

59

109,739

Common Stocks - continued

Shares

Value

Japan - continued

Toshiba Corp. (a)

128,000

$ 704,730

Toyota Motor Corp.

12,500

480,767

Uni-Charm Corp.

3,600

342,173

West Japan Railway Co.

89

307,118

TOTAL JAPAN

28,421,172

Korea (South) - 0.0%

Kia Motors Corp. (a)

9,000

151,825

Luxembourg - 0.1%

ArcelorMittal SA (Netherlands)

14,430

558,606

Netherlands - 0.9%

Akzo Nobel NV

9,065

539,591

ASML Holding NV:

(Netherlands)

15,900

499,340

(NY Shares)

6,600

206,250

James Hardie Industries NV unit (a)

72,748

482,456

Koninklijke KPN NV

32,921

545,103

Koninklijke Philips Electronics NV

26,400

797,202

QIAGEN NV (a)

9,100

198,016

TNT NV

2,000

57,415

Unilever NV (Certificaten Van Aandelen) (Bearer) unit

26,500

811,403

TOTAL NETHERLANDS

4,136,776

Netherlands Antilles - 0.1%

Schlumberger Ltd.

4,000

253,840

Norway - 0.4%

DnB NOR ASA (a)

41,200

465,243

Pronova BioPharma ASA (a)

16,900

49,726

Sevan Marine ASA (a)

70,000

100,756

Storebrand ASA (A Shares) (a)

75,500

527,822

Telenor ASA (a)

32,400

421,086

TOTAL NORWAY

1,564,633

Papua New Guinea - 0.2%

Lihir Gold Ltd.

152,652

373,902

Oil Search Ltd.

105,546

490,911

TOTAL PAPUA NEW GUINEA

864,813

Singapore - 0.7%

Avago Technologies Ltd.

34,000

590,920

CapitaLand Ltd.

235,500

646,421

Keppel Corp. Ltd.

49,000

291,648

Common Stocks - continued

Shares

Value

Singapore - continued

Olam International Ltd.

192,538

$ 327,229

Raffles Education Corp. Ltd.

346,629

98,597

United Overseas Bank Ltd.

74,000

955,620

TOTAL SINGAPORE

2,910,435

South Africa - 0.1%

Impala Platinum Holdings Ltd.

9,500

246,143

Spain - 0.8%

Banco Santander SA

79,221

1,123,391

Cintra Concesiones de Infrastructuras de Transporte SA

16,400

171,063

Inditex SA

8,900

560,203

Sol Melia SA

20,600

169,027

Telefonica SA sponsored ADR

17,700

1,267,320

TOTAL SPAIN

3,291,004

Sweden - 0.4%

Modern Times Group MTG AB (B Shares)

8,200

376,024

Sandvik AB

28,200

306,414

Skandinaviska Enskilda Banken AB (A Shares) (a)

49,700

294,333

SKF AB (B Shares)

25,000

386,246

Swedbank AB (A Shares)

28,946

249,056

TOTAL SWEDEN

1,612,073

Switzerland - 1.9%

Actelion Ltd. (Reg.) (a)

6,821

360,862

Credit Suisse Group (Reg.)

10,518

454,957

Nestle SA (Reg.)

30,879

1,463,649

Nobel Biocare Holding AG (Switzerland)

7,685

226,035

Novartis AG (Reg.)

28,896

1,546,294

Roche Holding AG (participation certificate)

10,675

1,790,871

Schindler Holding AG (participation certificate)

3,753

277,425

Sonova Holding AG Class B

4,406

545,303

Swiss Reinsurance Co. (Reg.)

10,026

433,402

The Swatch Group AG (Bearer)

1,100

287,538

Transocean Ltd. (a)

1,800

152,532

UBS AG:

(For. Reg.) (a)

70,716

922,234

(NY Shares) (a)

2,545

33,110

TOTAL SWITZERLAND

8,494,212

Turkey - 0.1%

Turkiye Is Bankasi AS Series C

47,000

208,791

Common Stocks - continued

Shares

Value

United Kingdom - 5.2%

Anglo American PLC (United Kingdom) (a)

31,455

$ 1,154,081

Barclays PLC

214,483

916,674

Barratt Developments PLC (a)

40,100

76,114

Bellway PLC

9,800

115,457

BG Group PLC

57,036

1,048,506

Bovis Homes Group PLC (a)

14,300

90,385

BP PLC

99,100

924,578

BP PLC sponsored ADR

17,000

954,040

British American Tobacco PLC sponsored ADR

3,000

199,620

BT Group PLC

227,600

496,692

Burberry Group PLC

33,900

330,907

Carphone Warehouse Group PLC

73,500

223,029

Centrica PLC

167,428

718,752

Ensco International Ltd. ADR

3,000

117,090

HSBC Holdings PLC sponsored ADR

47,222

2,526,849

Imperial Tobacco Group PLC

37,288

1,202,419

InterContinental Hotel Group PLC

22,229

317,895

Invensys PLC

100,400

490,941

ITV PLC

622,700

558,385

Misys PLC (a)

82,800

282,781

Mothercare PLC

52,400

535,932

National Grid PLC

78,300

786,400

Reckitt Benckiser Group PLC

19,124

991,352

Rio Tinto PLC (Reg.)

26,998

1,316,520

Rolls-Royce Group PLC

53,000

403,822

Royal Dutch Shell PLC Class A (United Kingdom)

81,937

2,264,641

Salamander Energy PLC (a)

43,800

184,847

Schroders PLC

17,800

351,759

Serco Group PLC

33,846

269,029

SSL International PLC

24,259

300,601

Standard Chartered PLC (United Kingdom)

36,654

844,252

Taylor Wimpey PLC (a)

337,373

207,230

The Game Group PLC

87,900

129,001

Tomkins PLC

87,200

260,919

Vedanta Resources PLC

4,800

184,108

Vodafone Group PLC sponsored ADR

22,600

484,996

Whitbread PLC

9,483

212,052

Wolseley PLC (a)

18,486

406,696

TOTAL UNITED KINGDOM

22,879,352

United States of America - 26.3%

3M Co.

5,500

442,695

Common Stocks - continued

Shares

Value

United States of America - continued

Advanced Micro Devices, Inc. (a)

25,000

$ 186,500

AGA Medical Holdings, Inc.

3,000

42,990

AGCO Corp. (a)

9,000

278,190

Agilent Technologies, Inc.

45,000

1,261,350

Allegheny Technologies, Inc.

13,000

531,050

Allergan, Inc.

1,900

109,250

Amazon.com, Inc. (a)

11,100

1,392,051

American Express Co.

129,300

4,869,438

Anadarko Petroleum Corp.

32,500

2,072,850

Apple, Inc. (a)

23,500

4,514,820

Applied Micro Circuits Corp. (a)

49,000

359,170

Arena Resources, Inc. (a)

12,200

467,748

Baker Hughes, Inc.

18,000

815,040

Bank of America Corp.

117,000

1,776,060

Berkshire Hathaway, Inc. Class B (a)

18,000

1,375,740

BioMarin Pharmaceutical, Inc. (a)

13,000

252,590

BMC Software, Inc. (a)

16,044

619,940

Bruker BioSciences Corp. (a)

25,000

306,750

Bucyrus International, Inc. Class A

5,000

261,900

CareFusion Corp. (a)

38,000

978,500

Celanese Corp. Class A

88,300

2,569,530

Cerner Corp. (a)

6,000

453,900

Charles Schwab Corp.

56,000

1,024,240

CIGNA Corp.

67,000

2,262,590

Cisco Systems, Inc. (a)

85,200

1,914,444

Citrix Systems, Inc. (a)

52,000

2,160,600

Cliffs Natural Resources, Inc.

1,000

39,950

CME Group, Inc.

2,900

831,778

Cognizant Technology Solutions Corp. Class A (a)

11,100

484,626

Comerica, Inc.

96,000

3,312,960

CSX Corp.

13,000

557,180

Cummins, Inc.

52,000

2,348,320

Deere & Co.

5,000

249,750

Dendreon Corp. (a)

17,000

470,900

Diamond Foods, Inc.

11,100

398,712

DineEquity, Inc. (a)

10,000

227,400

Dow Chemical Co.

18,000

487,620

Drew Industries, Inc. (a)

5,000

93,000

DSW, Inc. Class A (a)

3,000

72,300

Eaton Corp.

6,500

398,060

eBay, Inc. (a)

21,000

483,420

EMC Corp. (a)

13,000

216,710

Common Stocks - continued

Shares

Value

United States of America - continued

Estee Lauder Companies, Inc. Class A

34,000

$ 1,785,680

ev3, Inc. (a)

16,000

233,280

Express Scripts, Inc. (a)

11,500

964,390

F5 Networks, Inc. (a)

2,000

98,860

Fiserv, Inc. (a)

3,000

135,120

Fluor Corp.

14,200

643,828

Franklin Resources, Inc.

5,100

505,053

G-III Apparel Group Ltd. (a)

3,700

64,417

General Electric Co.

41,000

659,280

Genworth Financial, Inc. Class A (a)

11,000

152,240

Google, Inc. Class A (a)

4,900

2,594,158

Group 1 Automotive, Inc. (a)

2,000

58,000

Harley-Davidson, Inc.

2,000

45,480

Hewitt Associates, Inc. Class A (a)

8,000

315,840

Hewlett-Packard Co.

31,000

1,459,170

ImmunoGen, Inc. (a)

19,000

132,810

Informatica Corp. (a)

29,000

687,010

International Coal Group, Inc. (a)

15,000

53,550

iRobot Corp. (a)

47,000

742,600

J. Crew Group, Inc. (a)

6,000

235,260

J.B. Hunt Transport Services, Inc.

4,000

122,640

Jacobs Engineering Group, Inc. (a)

16,100

608,419

Johnson Controls, Inc.

14,027

390,371

JPMorgan Chase & Co.

52,300

2,036,562

King Pharmaceuticals, Inc. (a)

7,000

84,070

Lam Research Corp. (a)

26,000

858,260

Life Technologies Corp. (a)

5,000

248,550

Lithia Motors, Inc. Class A (sub. vtg.) (a)

10,000

78,000

Mako Surgical Corp. (a)

43,000

493,640

Mariner Energy, Inc. (a)

15,100

218,195

Medco Health Solutions, Inc. (a)

8,000

491,840

Merck & Co., Inc.

130,600

4,986,308

Micromet, Inc. (a)

25,000

194,250

Microsoft Corp.

158,900

4,477,802

Micrus Endovascular Corp. (a)

3,000

50,340

Monsanto Co.

15,000

1,138,200

Morgan Stanley

43,600

1,167,608

National Oilwell Varco, Inc.

2,000

81,800

NetApp, Inc. (a)

12,000

349,560

News Corp. Class B

28,000

411,040

NVIDIA Corp. (a)

11,000

169,290

Occidental Petroleum Corp.

46,000

3,603,640

Common Stocks - continued

Shares

Value

United States of America - continued

Peabody Energy Corp.

61,000

$ 2,569,320

Pfizer, Inc.

131,200

2,448,192

Philip Morris International, Inc.

18,000

819,180

Pioneer Drilling Co. (a)

3,000

23,850

Plains Exploration & Production Co. (a)

19,000

633,650

PMC-Sierra, Inc. (a)

17,000

135,150

Polo Ralph Lauren Corp. Class A

3,000

246,000

Precision Castparts Corp.

14,000

1,473,500

Pride International, Inc. (a)

4,100

121,360

Prudential Financial, Inc.

6,000

299,940

Quanex Building Products Corp.

2,000

32,160

Rackspace Hosting, Inc. (a)

4,000

72,880

RadioShack Corp.

5,000

97,600

Raytheon Co. warrants 6/16/11 (a)

112

1,680

Red Hat, Inc. (a)

21,000

571,620

Regal-Beloit Corp.

6,000

284,400

RSC Holdings, Inc. (a)

12,000

86,160

Salesforce.com, Inc. (a)

5,000

317,750

SanDisk Corp. (a)

9,400

238,948

Schweitzer-Mauduit International, Inc.

7,300

549,252

Smith International, Inc.

21,000

636,720

Solera Holdings, Inc.

18,000

595,980

Starbucks Corp. (a)

55,000

1,198,450

Starwood Hotels & Resorts Worldwide, Inc.

3,000

99,960

Stoneridge, Inc. (a)

13,000

90,740

Strayer Education, Inc.

2,800

581,784

SVB Financial Group (a)

6,000

260,340

Taleo Corp. Class A (a)

11,000

223,410

TECO Energy, Inc.

85,000

1,323,450

Teradyne, Inc. (a)

151,000

1,410,340

Terra Industries, Inc.

16,000

505,600

TETRA Technologies, Inc. (a)

30,000

313,800

The Coca-Cola Co.

9,700

526,225

The Stanley Works

3,000

153,750

The Walt Disney Co.

39,000

1,152,450

Thor Industries, Inc.

7,000

222,250

Titanium Metals Corp. (a)

19,000

220,970

TJX Companies, Inc.

8,000

304,080

Unifirst Corp.

2,000

100,480

Union Pacific Corp.

105,100

6,358,550

United Rentals, Inc. (a)

5,000

40,050

Viacom, Inc. Class B (non-vtg.) (a)

52,800

1,538,592

Common Stocks - continued

Shares

Value

United States of America - continued

Virgin Media, Inc.

15,900

$ 225,621

Visa, Inc. Class A

6,500

533,195

Walgreen Co.

51,000

1,838,550

Watson Pharmaceuticals, Inc. (a)

10,000

383,700

WebMD Health Corp. (a)

17,220

671,236

Wells Fargo & Co.

103,000

2,928,290

WMS Industries, Inc. (a)

45,000

1,668,600

Wyndham Worldwide Corp.

55,953

1,174,453

TOTAL UNITED STATES OF AMERICA

116,103,231

TOTAL COMMON STOCKS

(Cost $241,511,889)

258,501,528

Nonconvertible Preferred Stocks - 0.2%

 

 

 

 

Germany - 0.1%

ProSiebenSat.1 Media AG

46,100

620,463

Italy - 0.1%

Fondiaria-Sai SpA (Risparmio Shares)

18,200

199,948

TOTAL NONCONVERTIBLE PREFERRED STOCKS

(Cost $752,511)

820,411

Corporate Bonds - 15.5%

 

Principal Amount (d)

 

Convertible Bonds - 0.3%

Bermuda - 0.1%

Ingersoll-Rand Global Holding Co. Ltd. 4.5% 4/15/12

$ 250,000

469,075

United States of America - 0.2%

Hertz Global Holdings, Inc. 5.25% 6/1/14

300,000

435,635

James River Coal Co. 4.5% 12/1/15 (f)

190,000

168,245

TOTAL UNITED STATES OF AMERICA

603,880

TOTAL CONVERTIBLE BONDS

1,072,955

Nonconvertible Bonds - 15.2%

Australia - 0.9%

Commonwealth Bank of Australia 5% 10/15/19 (Reg. S)

370,000

373,970

Didon Tunisia Pty. Ltd. 3.7543% 3/13/12 (f)(h)

100,000

89,000

Corporate Bonds - continued

 

Principal Amount (d)

Value

Nonconvertible Bonds - continued

Australia - continued

Fairfax Media Group Finance Pty Ltd. 6.25% 6/15/12

EUR

250,000

$ 344,911

QBE Insurance Group Ltd. 6.125% 9/28/15

GBP

200,000

338,118

Rio Tinto Finance (USA) Ltd. 9% 5/1/19

250,000

319,227

St. George Bank Ltd. 0.985% 3/11/15 (h)

EUR

350,000

468,050

Westpac Banking Corp.:

4.25% 9/22/16

EUR

250,000

355,554

4.875% 11/19/19

600,000

597,003

5% 10/21/19

GBP

300,000

475,928

WT Finance (Aust) Pty Ltd./Westfield Europe Finance PLC/WEA Finance 3.625% 6/27/12

EUR

400,000

554,907

TOTAL AUSTRALIA

3,916,668

Belgium - 0.1%

Fortis Banque SA 4.625% (Reg. S) (h)

EUR

200,000

223,393

Bermuda - 0.0%

MPF Corp. (Norway) AS 8.275% 9/20/11 (c)(f)(h)

300,000

3,000

Northern Offshore Ltd. 4.7543% 6/14/10 (f)(h)

100,000

98,000

TOTAL BERMUDA

101,000

Brazil - 0.1%

Banco do Brasil SA 4.5% 1/22/15 (Reg. S)

500,000

501,000

Canada - 0.5%

British Columbia Province 4.65% 12/18/18

CAD

1,750,000

1,745,090

Nexen, Inc. 7.5% 7/30/39

300,000

340,106

NOVA Chemicals Corp. 8.625% 11/1/19 (f)

180,000

182,700

TOTAL CANADA

2,267,896

Cayman Islands - 0.3%

Hutchison Whampoa International 09 Ltd. 7.625% 4/9/19 (Reg. S)

400,000

458,763

MUFG Capital Finance 5 Ltd. 6.299% (h)

GBP

300,000

407,125

Thames Water Utilities Cayman Finance Ltd. 6.125% 2/4/13

EUR

150,000

226,524

TOTAL CAYMAN ISLANDS

1,092,412

France - 1.2%

BNP Paribas SA:

0.4666% 11/23/15 (h)

200,000

196,600

5.019% (h)

EUR

150,000

175,733

Corporate Bonds - continued

 

Principal Amount (d)

Value

Nonconvertible Bonds - continued

France - continued

Caisse Nationale des Caisses d' Epargne et de Prevoyance 6.117% (h)

EUR

50,000

$ 52,408

Compagnie de St. Gobain:

0.942% 4/11/12 (h)

EUR

175,000

235,707

6% 5/20/13

EUR

50,000

75,356

Credit Agricole SA 4.13% (h)

EUR

200,000

224,408

Credit Commercial de France 4.875% 1/15/14

EUR

250,000

370,221

Credit Logement SA:

1.314% (h)

EUR

150,000

164,294

4.604% (h)

EUR

250,000

282,815

EDF SA:

4.625% 9/11/24

EUR

150,000

211,713

6.95% 1/26/39 (f)

250,000

291,367

Lafarge SA 8.75% 5/30/17

GBP

250,000

468,982

Natixis SA 0.92% 1/26/17 (h)

EUR

100,000

121,357

Safran SA 4% 11/26/14

EUR

550,000

771,134

Societe Generale 0.895% 6/7/17 (h)

EUR

100,000

131,996

Societe Generale SCF 4% 7/7/16

EUR

450,000

647,892

TPSA Eurofinance France SA 6% 5/22/14

EUR

100,000

152,105

Veolia Environnement 6.125% 11/25/33

EUR

250,000

388,542

Vivendi 5.75% 4/4/13 (Reg. S)

300,000

320,766

TOTAL FRANCE

5,283,396

Germany - 0.6%

Bayerische Landesbank Girozentrale 4.5% 2/7/19 (h)

EUR

250,000

293,175

Commerzbank AG:

4.125% 9/13/16 (h)

EUR

300,000

388,512

5.625% 11/29/17 (h)

EUR

100,000

137,188

Deutsche Boerse AG 7.5% 6/13/38 (h)

EUR

200,000

295,486

Hella KGaA Hueck & Co. 7.25% 10/20/14

EUR

75,000

106,272

Landesbank Berlin AG 5.875% 11/25/19

EUR

500,000

706,614

Thyssenkrupp AG 8% 6/18/14

EUR

200,000

310,892

Volkswagen Leasing GmbH 4.875% 10/18/12

EUR

250,000

365,995

WestLB AG 3.5% 9/3/12

EUR

120,000

170,272

TOTAL GERMANY

2,774,406

India - 0.1%

Export-Import Bank of India 0.7863% 6/7/12 (h)

JPY

20,000,000

213,989

Ireland - 0.2%

Allied Irish Banks PLC 5.25% 3/10/25 (h)

GBP

160,000

162,909

Corporate Bonds - continued

 

Principal Amount (d)

Value

Nonconvertible Bonds - continued

Ireland - continued

Ardagh Glass Group PLC 10.75% 3/1/15 pay-in-kind

EUR

321,694

$ 434,862

TransCapitalInvest Ltd. 5.67% 3/5/14 (Reg. S)

400,000

405,204

TOTAL IRELAND

1,002,975

Italy - 0.6%

Assicurazioni Generali SpA 5.125% 9/16/24

EUR

250,000

367,544

Banca Italease SpA 0.922% 2/2/10 (h)

EUR

400,000

554,580

Intesa Sanpaolo SpA:

3.75% 11/23/16

EUR

350,000

483,908

6.375% 11/12/17 (h)

GBP

150,000

252,653

Telecom Italia SpA 6.75% 3/21/13

EUR

150,000

230,811

Unione di Banche Italiane SCPA 4% 12/16/19

EUR

650,000

892,728

TOTAL ITALY

2,782,224

Japan - 0.1%

Fukoku Mutual Life Insurance Co. 4.5% 9/28/25 (h)

EUR

250,000

255,213

Korea (South) - 0.4%

Export-Import Bank of Korea 5.875% 1/14/15

200,000

214,745

Kookmin Bank 5.875% 6/11/12

200,000

213,490

Korea Hydro & Nuclear Power Co. Ltd. 6.25% 6/17/14

300,000

326,087

National Agricultural Cooperative Federation 5% 9/30/14 (Reg. S)

200,000

206,200

Shinhan Bank:

5.663% 3/2/35 (h)

350,000

317,685

6% 6/29/12 (Reg. S)

300,000

320,867

Woori Bank 7.63% 4/14/15 (f)

250,000

272,222

TOTAL KOREA (SOUTH)

1,871,296

Luxembourg - 0.5%

Enel Finance International SA 6% 10/7/39 (Reg. S)

400,000

399,518

Gaz Capital SA (Luxembourg):

6.212% 11/22/16 (Reg. S)

250,000

246,395

6.58% 10/31/13

GBP

100,000

161,995

7.51% 7/31/13 (Reg S.)

200,000

211,824

Glencore Finance (Europe) SA 7.125% 4/23/15

EUR

150,000

231,921

OAO Industry & Construction Bank 6.2% 9/29/15 (Issued by Or-ICB SA for OAO Industry & Construction Bank) (h)

800,000

797,520

Corporate Bonds - continued

 

Principal Amount (d)

Value

Nonconvertible Bonds - continued

Luxembourg - continued

Olivetti Finance NV 7.75% 1/24/33

EUR

100,000

$ 167,734

Russian Standard Finance SA 7.5% 10/7/10 (Reg. S)

100,000

98,750

TOTAL LUXEMBOURG

2,315,657

Malaysia - 0.1%

Petronas Capital Ltd. 5.25% 8/12/19 (Reg. S)

200,000

201,608

Netherlands - 0.9%

Allianz Finance II BV 4.75% 7/22/19

EUR

100,000

146,747

Bayer Capital Corp. BV 4.625% 9/26/14

EUR

325,000

483,359

BOATS Investments (Netherlands) BV 11% 3/31/17 pay-in-kind

EUR

340,795

245,823

Deutsche Telekom International Financial BV 7.5% 1/24/33

EUR

200,000

354,299

Eureko BV 5.125% (h)

EUR

600,000

653,018

ING Bank NV 4.75% 5/27/19

EUR

700,000

1,030,188

KBC IFIMA NV 4.5% 9/17/14

EUR

250,000

354,915

Koninklijke KPN NV 5.625% 9/30/24

EUR

300,000

447,226

Rabobank Nederland 0.792% 7/28/15 (h)

EUR

150,000

200,616

Siemens Financieringsmaatschappij NV 6.125% 9/14/66 (h)

GBP

150,000

239,218

TOTAL NETHERLANDS

4,155,409

Norway - 0.5%

DnB NOR Bank ASA 4.5% 5/29/14

EUR

200,000

293,943

Kommunalbanken AS 5.125% 5/30/12

1,900,000

2,051,297

Petrolia Drilling ASA 12% 6/20/12 (f)

NOK

500,000

40,519

TOTAL NORWAY

2,385,759

Portugal - 0.1%

Banco Comercial Portugues SA 3.75% 10/8/16

EUR

400,000

553,316

Russia - 0.1%

Raspadskaya Securities Ltd. 7.5% 5/22/12

200,000

202,968

Spain - 0.2%

Mapfre SA 5.921% 7/24/37 (h)

EUR

450,000

536,943

Santander Issuances SA Unipersonal 1.047% 7/25/17 (h)

EUR

150,000

197,486

Telefonica Emisiones SAU 4.693% 11/11/19

EUR

250,000

348,875

TOTAL SPAIN

1,083,304

Corporate Bonds - continued

 

Principal Amount (d)

Value

Nonconvertible Bonds - continued

Sweden - 0.1%

Nordea Bank AB 0.4566% 6/9/16 (h)

$ 400,000

$ 387,339

Svenska Handelsbanken AB 0.4036% 3/15/16 (h)

200,000

192,788

TOTAL SWEDEN

580,127

Switzerland - 0.1%

Credit Suisse New York Branch 5.4% 1/14/20

500,000

499,335

Thailand - 0.0%

True Move Co. Ltd. 10.75% 12/16/13 (Reg. S)

200,000

201,000

United Arab Emirates - 0.2%

Abu Dhabi National Energy Co. PJSC:

4.75% 9/15/14 (Reg. S)

300,000

291,750

6.5% 10/27/36

300,000

275,268

Emirates Bank International PJSC 4.7806% 4/30/12 (h)

229,000

207,350

TOTAL UNITED ARAB EMIRATES

774,368

United Kingdom - 3.1%

3i Group PLC 0.918% 6/8/12 (h)

EUR

400,000

503,076

BAA Funding Ltd. 4.6% 2/15/20 (Reg. S) (h)

EUR

550,000

706,676

Bank of Scotland 6.375% 8/16/19

GBP

400,000

595,621

Barclays Bank PLC:

0.4506% 6/27/16 (f)(h)

100,000

92,151

0.4619% 5/25/15 (h)

550,000

536,532

5.25% 5/27/14

EUR

300,000

448,390

6.75% 1/16/23 (h)

GBP

300,000

498,793

14% (h)

GBP

100,000

204,861

BAT International Finance PLC:

4.875% 2/24/21

EUR

100,000

142,558

8.125% 11/15/13

200,000

235,500

BG Energy Capital PLC 3.375% 7/15/13

EUR

150,000

213,135

Broadgate PLC 1.405% 10/5/25 (h)

GBP

31,250

36,964

Credit Suisse London Branch 4.75% 8/5/19

EUR

300,000

426,404

Daily Mail & General Trust PLC:

5.75% 12/7/18

GBP

150,000

212,187

5.75% 12/7/18

GBP

150,000

202,402

Experian Finance PLC 4.75% 2/4/20 (g)

EUR

150,000

210,411

First Hydro Finance PLC 9% 7/31/21

GBP

200,000

368,487

Imperial Tobacco Finance:

7.25% 9/15/14

EUR

150,000

240,064

8.375% 2/17/16

EUR

600,000

1,022,200

InterContinental Hotel Group PLC 6% 12/9/16

GBP

250,000

398,861

Corporate Bonds - continued

 

Principal Amount (d)

Value

Nonconvertible Bonds - continued

United Kingdom - continued

Legal & General Group PLC 4% 6/8/25 (h)

EUR

150,000

$ 174,252

Marks & Spencer PLC:

6.125% 12/2/19

GBP

100,000

163,915

7.125% 12/1/37 (f)

200,000

213,690

National Express Group PLC 6.25% 1/13/17

GBP

150,000

241,782

Nationwide Building Society:

0.93% 12/22/16 (h)

EUR

150,000

172,238

3.375% 8/17/15 (h)

EUR

455,000

599,205

Northern Rock PLC 0.349% 10/21/10 (h)

250,000

239,555

Old Mutual PLC:

4.5% 1/18/17 (h)

EUR

150,000

171,833

5% 1/21/16 (h)

GBP

50,000

71,986

7.125% 10/19/16

GBP

200,000

333,219

Prudential PLC 6.125% 12/19/31

GBP

110,000

168,119

Rexam PLC 4.375% 3/15/13

EUR

250,000

354,429

Royal Bank of Scotland PLC:

0.4494% 4/11/16 (h)

250,000

200,276

5.75% 5/21/14

EUR

250,000

367,884

6.934% 4/9/18

EUR

300,000

410,790

Scottish & Southern Energy PLC 6.25% 8/27/38

GBP

150,000

268,676

Society of Lloyd's 6.875% 11/17/25 (h)

GBP

200,000

326,547

Standard Chartered Bank:

0.5794% 2/3/15 (h)

100,000

99,582

5.875% 9/26/17 (Reg. S)

EUR

250,000

375,726

Tesco PLC 5.875% 9/12/16

EUR

100,000

157,402

UBS AG Jersey Branch:

0.4013% 4/18/16 (h)

250,000

235,913

0.864% 11/17/15 (h)

EUR

350,000

462,669

UBS AG London Branch 6.25% 9/3/13

EUR

100,000

152,065

Ukrsotsbank 8% 2/22/10 (Issued by Credit Suisse First Boston International for Ukrsotsbank)

100,000

99,408

Vodafone Group PLC 0.5356% 2/27/12 (h)

160,000

159,685

Yorkshire Water Services Finance Ltd. 6.375% 8/19/39

GBP

100,000

181,549

TOTAL UNITED KINGDOM

13,697,668

United States of America - 4.2%

Altria Group, Inc.:

8.5% 11/10/13

210,000

247,934

9.25% 8/6/19

400,000

492,506

Corporate Bonds - continued

 

Principal Amount (d)

Value

Nonconvertible Bonds - continued

United States of America - continued

Anheuser-Busch InBev Worldwide, Inc. 5.375% 1/15/20 (Reg. S)

$ 340,000

$ 348,717

BA Covered Bond Issuer 4.125% 4/5/12

EUR

1,700,000

2,418,788

Bank of America Corp.:

4.75% 5/6/19

EUR

250,000

318,523

6.125% 9/15/21

GBP

250,000

406,808

7.375% 5/15/14

115,000

130,345

7.625% 6/1/19

285,000

326,078

CenturyTel, Inc. 7.6% 9/15/39

105,000

109,996

Citigroup, Inc. 4.25% 2/25/30 (h)

EUR

350,000

369,179

ConocoPhillips 6% 1/15/20

350,000

391,430

COX Communications, Inc. 8.375% 3/1/39 (f)

250,000

316,358

Credit Suisse First Boston New York Branch 5% 5/15/13

400,000

431,138

Dominion Resources, Inc. 6.3% 9/30/66 (h)

190,000

176,700

Dow Chemical Co. 8.55% 5/15/19

280,000

334,858

General Electric Capital Corp. 5.9% 5/13/14

160,000

174,471

General Electric Co. 5.25% 12/6/17

200,000

208,859

Glencore Funding LLC 6% 4/15/14 (Reg. S)

309,000

319,268

Goldman Sachs Group, Inc.:

6% 5/1/14

150,000

164,305

6.15% 4/1/18

200,000

212,806

JPMorgan Chase & Co. 5.25% 5/8/13

EUR

250,000

373,832

KeyBank NA:

0.84% 11/21/11 (h)

EUR

50,000

63,915

0.886% 2/9/12 (h)

EUR

510,000

647,369

Liberty Mutual Group, Inc. 5.75% 3/15/14 (f)

250,000

249,439

Merck & Co., Inc. 5.85% 6/30/39

300,000

318,393

Merrill Lynch & Co., Inc.:

4.625% 10/2/13

EUR

260,000

369,867

6.15% 4/25/13

500,000

540,951

6.75% 5/21/13

EUR

150,000

227,512

Morgan Stanley 0.977% 7/20/12 (h)

EUR

430,000

572,976

Motiva Enterprises LLC:

6.85% 1/15/40 (f)

300,000

323,791

6.85% 1/15/40 (Reg. S)

80,000

86,344

Pemex Project Funding Master Trust 5.5% 2/24/25 (Reg. S)

EUR

300,000

383,010

Pfizer, Inc. 6.2% 3/15/19

1,200,000

1,345,387

Plains All American Pipeline LP 8.75% 5/1/19

100,000

124,446

PPL Energy Supply LLC 6.5% 5/1/18

160,000

171,801

Corporate Bonds - continued

 

Principal Amount (d)

Value

Nonconvertible Bonds - continued

United States of America - continued

Roche Holdings, Inc. 6% 3/1/19 (f)

$ 150,000

$ 165,669

SLM Corp. 0.914% 12/15/10 (h)

EUR

200,000

264,529

Southeast Supply Header LLC 4.85% 8/15/14 (f)

300,000

310,347

Sprint Capital Corp. 8.75% 3/15/32

325,000

292,500

Time Warner Cable, Inc.:

6.75% 6/15/39

350,000

371,018

8.25% 2/14/14

200,000

237,589

Toyota Motor Credit Corp. 5.25% 2/3/12

EUR

200,000

294,091

US Bank NA, Cincinnati 4.375% 2/28/17 (h)

EUR

450,000

610,869

Verizon Wireless Capital LLC 5.55% 2/1/14

400,000

441,170

WaMu Covered Bond Program 4.375% 5/19/14

EUR

550,000

783,326

WEA Finance LLC/WT Finance Australia Pty. Ltd. 5.75% 9/2/15 (f)

400,000

429,351

Wells Fargo & Co. 3.75% 10/1/14

300,000

302,616

Xerox Corp. 8.25% 5/15/14

100,000

117,611

TOTAL UNITED STATES OF AMERICA

18,318,786

TOTAL NONCONVERTIBLE BONDS

67,255,173

TOTAL CORPORATE BONDS

(Cost $65,139,288)

68,328,128

Government Obligations - 18.6%

 

Canada - 0.2%

Canadian Government 5.25% 6/1/12

CAD

850,000

863,362

France - 0.2%

French Republic 3.75% 10/25/19

EUR

600,000

846,761

Germany - 3.5%

German Federal Republic:

3.25% 1/4/20

EUR

400,000

556,859

3.75% 1/4/15

EUR

2,300,000

3,405,867

4.75% 7/4/40

EUR

4,000,000

6,344,506

5.625% 1/4/28

EUR

2,960,000

5,002,398

TOTAL GERMANY

15,309,630

Government Obligations - continued

 

Principal
Amount (d)

Value

Greece - 0.9%

Greek Government:

5.25% 5/18/12

EUR

1,700,000

$ 2,275,744

5.5% 8/20/14

EUR

1,400,000

1,854,829

TOTAL GREECE

4,130,573

Ireland - 0.6%

Irish Republic 5% 10/18/20

EUR

1,950,000

2,708,660

Japan - 11.3%

Japan Government:

Inflation-Indexed Bond 1.4% 6/10/18

JPY

218,240,000

2,367,107

0.6% 12/15/10

JPY

950,000,000

10,566,816

0.9% 6/20/13

JPY

110,000,000

1,243,876

1.1% 12/20/12

JPY

18,700,000

212,320

1.3% 3/20/15

JPY

1,040,000,000

11,975,607

1.3% 12/20/19

JPY

500,000,000

5,538,329

1.9% 6/20/16

JPY

799,000,000

9,502,851

1.9% 3/20/29

JPY

208,000,000

2,239,192

2.2% 9/20/39

JPY

210,000,000

2,287,016

2.5% 9/20/36

JPY

350,000,000

4,089,304

TOTAL JAPAN

50,022,418

United Kingdom - 0.2%

UK Treasury GILT:

4% 9/7/16

GBP

200,000

331,582

4.5% 3/7/19

GBP

200,000

334,012

TOTAL UNITED KINGDOM

665,594

United States of America - 1.7%

Federal Home Loan Bank 3.625% 10/18/13

300,000

316,889

Freddie Mac 2.125% 9/21/12

650,000

663,062

U.S. Treasury Bonds 3.5% 2/15/39

300,000

251,438

U.S. Treasury Notes:

2.375% 8/31/14

100,000

100,984

2.375% 9/30/14

2,750,000

2,772,550

2.625% 12/31/14

200,000

203,000

Government Obligations - continued

 

Principal
Amount (d)

Value

United States of America - continued

U.S. Treasury Notes: - continued

3.375% 11/15/19

$ 2,910,000

$ 2,855,438

3.625% 8/15/19

550,000

551,719

TOTAL UNITED STATES OF AMERICA

7,715,080

TOTAL GOVERNMENT OBLIGATIONS

(Cost $76,917,106)

82,262,078

Asset-Backed Securities - 0.3%

 

Clock Finance BV Series 2007-1 Class B2, 0.935% 2/25/15 (h)

EUR

100,000

113,689

Leek Finance PLC Series 2005-15X Class BA, 0.9131% 3/21/37 (h)

GBP

100,000

147,185

Promise K 2006-1 GmbH Series I 2006-1 Class D, 1.386% 3/10/17 (h)

EUR

100,000

28,575

Tesco Property Finance 2 PLC 6.0517% 10/13/39

GBP

250,000

419,621

TS Co.mit One GmbH Series 1 Class C, 1.006% 6/29/13 (h)

EUR

78,654

54,525

VCL No. 11 Ltd. Class A, 1.535% 8/21/15 (h)

EUR

180,534

251,496

Volkswagen Car Lease Series 9 Class B, 0.615% 10/21/13 (h)

EUR

164,031

223,665

Whinstone Capital Management Ltd. Series 2005-1X Class B1, 1.5156% 10/25/45 (h)

GBP

70,098

13,446

TOTAL ASSET-BACKED SECURITIES

(Cost $1,609,994)

1,252,202

Collateralized Mortgage Obligations - 0.1%

 

Private Sponsor - 0.1%

Arkle Master Issuer PLC floater Series 2006-1X
Class 5M1, 0.984% 2/17/52 (h)

EUR

100,000

114,820

Arran Residential Mortgages Funding No. 1 PLC Series 2006-1X Class CC, 0.921% 4/12/56 (h)

EUR

86,463

64,328

Granite Master Issuer PLC:

Series 2005-1 Class A5, 0.525% 12/20/54 (h)

EUR

51,930

66,303

Series 2005-4 Class A5, 0.535% 12/20/54 (h)

EUR

133,116

170,207

Holmes Master Issuer PLC floater Series 2007-1
Class 3C2, 1.104% 7/15/40 (h)

EUR

150,000

189,473

TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS

(Cost $688,544)

605,131

Commercial Mortgage Securities - 0.3%

 

Principal Amount (d)

Value

France - 0.1%

FCC Proudreed Properties Class A, 0.944% 8/18/17 (h)

EUR

173,328

$ 185,039

Paris Prime Community Real Estate Series 2006-1 Class B, 0.924% 4/22/14 (f)(h)

EUR

72,109

89,978

TOTAL FRANCE

275,017

Ireland - 0.0%

European Property Capital 4 PLC Class C, 0.8588% 7/20/14 (h)

GBP

41,701

25,063

German Residential Asset Note Distributor PLC Series 1 Class A, 0.917% 7/20/16 (h)

EUR

173,588

206,473

TOTAL IRELAND

231,536

Japan - 0.0%

JLOC 37 LLC Series X Class B1, 0.6438% 1/15/15 (h)

JPY

13,282,000

36,784

Netherlands - 0.0%

Skyline BV Series 2007-1 Class D, 1.484% 7/22/43 (h)

EUR

100,000

65,496

United Kingdom - 0.2%

Eddystone Finance PLC Series 2006-1:

Class A2, 0.7868% 4/19/21 (h)

GBP

150,000

196,924

Class B, 0.9938% 4/19/21 (h)

GBP

100,000

117,776

Enterprise Inns PLC 6.5% 12/6/18

GBP

95,000

131,881

London & Regional Debt Securitisation No. 1 PLC Class A, 0.82% 10/15/14 (h)

GBP

100,000

130,540

REC Plantation Place Ltd. Series 5 Class A, 0.8456% 7/25/16 (h)

GBP

97,518

122,209

Theatre Hospitals PLC:

Series 2007-1 Class C, 1.31% 10/15/31 (h)

GBP

49,140

36,917

Series 2007-2 Class D, 1.5181% 10/15/31 (h)

GBP

98,280

50,270

TOTAL UNITED KINGDOM

786,517

TOTAL COMMERCIAL MORTGAGE SECURITIES

(Cost $1,719,175)

1,395,350

Supranational Obligations - 0.1%

 

Eurasian Development Bank 7.375% 9/29/14 (Reg. S)
(Cost $200,000)

200,000

212,000

Preferred Securities - 0.0%

Principal Amount

Value

Germany - 0.0%

BayernLB Capital Trust I 6.2032% (h)
(Cost $320,340)

$ 400,000

$ 176,655

Equity Central Funds - 2.5%

Shares

 

Fidelity Emerging Markets Equity Central Fund (i)
(Cost $6,416,620)

63,400

11,036,038

Money Market Funds - 3.6%

 

 

 

 

Fidelity Cash Central Fund, 0.17% (j)

15,312,459

15,312,459

Fidelity Securities Lending Cash Central Fund, 0.18% (b)(j)

756,060

756,060

TOTAL MONEY MARKET FUNDS

(Cost $16,068,519)

16,068,519

Cash Equivalents - 0.0%

Maturity Amount

 

Investments in repurchase agreements in a joint trading account at 0.1%, dated 1/29/10 due 2/1/10 (Collateralized by U.S. Treasury Obligations) #
(Cost $27,000)

$ 27,000

27,000

TOTAL INVESTMENT PORTFOLIO - 99.8%

(Cost $411,370,986)

440,685,040

NET OTHER ASSETS - 0.2%

748,728

NET ASSETS - 100%

$ 441,433,768

Currency Abbreviation

CAD

-

Canadian dollar

EUR

-

European Monetary Unit

GBP

-

British pound

JPY

-

Japanese yen

NOK

-

Norwegian krone

Legend

(a) Non-income producing

(b) Investment made with cash collateral received from securities on loan.

(c) Non-income producing - Issuer is in default.

(d) Principal amount is stated in United States dollars unless otherwise noted.

(e) Security or a portion of the security is on loan at period end.

(f) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $3,335,827 or 0.8% of net assets.

(g) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(h) The coupon rate shown on floating or adjustable rate securities represents the rate at period end.

(i) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. A complete unaudited schedule of portfolio holdings for each Fidelity Central Fund is filed with the SEC for the first and third quarters of each fiscal year on Form N-Q and is available upon request or at the SEC's web site at www.sec.gov. An unaudited holdings listing for the Fund, which presents direct holdings as well as the pro rata share of securities and other investments held indirectly through its investment in underlying non-money market Fidelity Central Funds, is available at fidelity.com. In addition, each Fidelity Central Fund's financial statements, are available on the SEC's web site or upon request

(j) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request.

# Additional information on each counterparty to the repurchase agreement is as follows:

Repurchase Agreement / Counterparty

Value

$27,000 due 2/01/10 at 0.10%

BNP Paribas Securities Corp.

$ 4,002

Banc of America Securities LLC

2,932

Bank of America, NA

1,884

Barclays Capital, Inc.

3,948

Citigroup Global Markets, Inc.

2,932

Credit Suisse Securities (USA) LLC

5,437

ING Financial Markets LLC

1,955

J.P. Morgan Securities, Inc.

1,955

Mizuho Securities USA, Inc.

1,955

 

$ 27,000

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund

Income earned

Fidelity Cash Central Fund

$ 6,620

Fidelity Emerging Markets Equity Central Fund

10,144

Fidelity Securities Lending Cash Central Fund

5,406

Total

$ 22,170

Additional information regarding the Fund's fiscal year to date purchases and sales, including the ownership percentage, of the non Money Market Central Funds is as follows:

Fund

Value, beginning of period

Purchases

Sales Proceeds

Value, end of period

% ownership, end of
period

Fidelity Emerging Markets Equity Central Fund

$ 16,816,665

$ 7,816,834

$ 14,875,650

$ 11,036,038

3.3%

Other Information

The following is a summary of the inputs used, as of January 31, 2010, involving the Fund's assets and liabilities carried at value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:

Description

Total

Level 1

Level 2

Level 3

Investments in Securities:

Equities:

United States of America

$ 116,103,231

$ 116,103,231

$ -

$ -

Japan

28,421,172

23,073,534

5,347,638

-

United Kingdom

22,879,352

4,282,595

18,596,757

-

Australia

14,244,002

12,192,642

2,051,360

-

Canada

12,263,705

12,263,705

-

-

France

10,219,086

1,923,506

8,295,580

-

Switzerland

8,494,212

185,642

8,308,570

-

Germany

7,824,288

-

7,824,288

-

Netherlands

4,136,776

886,722

3,250,054

-

Other

34,736,115

18,617,840

16,118,275

-

Corporate Bonds

68,328,128

-

68,325,128

3,000

Government Obligations

82,262,078

-

82,262,078

-

Asset-Backed Securities

1,252,202

-

1,184,231

67,971

Collateralized Mortgage Obligations

605,131

-

605,131

-

Commercial Mortgage Securities

1,395,350

-

1,156,338

239,012

Supranational Obligations

212,000

-

212,000

-

Preferred Securities

176,655

-

176,655

-

Equity Holdings

11,036,038

11,036,038

-

-

Money Market Funds

16,068,519

16,068,519

-

-

Cash Equivalents

27,000

-

27,000

-

Total Investments in Securities:

$ 440,685,040

$ 216,633,974

$ 223,741,083

$ 309,983

The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value:

Investments in Securities:

Beginning Balance

$ 169,346

Total Realized Gain (Loss)

-

Total Unrealized Gain (Loss)

55,351

Cost of Purchases

-

Proceeds of Sales

(227)

Amortization/Accretion

1,752

Transfers in/out of Level 3

83,761

Ending Balance

$ 309,983

The change in unrealized gain (loss) for the period attributable to Level 3 securities held at January 31, 2010

$ 55,351

The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Transfers in or out of Level 3 represents either the beginning value (for transfers in), or the ending value (for transfers out) of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period.

Income Tax Information

At January 31, 2010, the cost of investment securities for income tax purposes was $413,804,384. Net unrealized appreciation aggregated $26,880,656, of which $44,314,247 related to appreciated investment securities and $17,433,591 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments. When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance with procedures adopted by the Board of Trustees. Factors used in determining value may include significant market or security specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and may be utilized to a significant extent. The value used for net asset value calculation under these procedures may differ from published prices for the same securities. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels. Level 1 - quoted prices in active markets for identical investments. Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.). Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows.

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by an independent pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security events arise, comparisons to the valuation of American Depository Receipts, futures contracts, Exchange traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. For restricted securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated quotations received from independent pricing services or from dealers who make markets in such securities. For corporate bonds, foreign government and government agency obligations, preferred securities, supranational obligations and U.S. government and government agency obligations, pricing services utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as dealer supplied prices and are generally categorized as Level 2 in the hierarchy. For asset backed securities, collateralized mortgage obligations and commercial mortgage securities, pricing services utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and types as well as dealer supplied prices and are generally categorized as Level 2 in the hierarchy.

Investments in open-end mutual funds, including the Fidelity Equity and Money Market Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost, which approximates value and are categorized as Level 2 in the hierarchy.

When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing matrices which consider similar factors that would be used by independent pricing services. These are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances. The Fund invests a significant portion of its assets in below investment grade securities. The value of these securities can be more volatile due to changes in the credit quality of the issuer and is sensitive to changes in economic, market and regulatory conditions.

For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

Quarterly Report

The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity® Advisor Global
Balanced Fund:
Class A
Class T
Class B
Class C
Institutional Class

January 31, 2010

Class A, Class T, Class B, Class C
and Institutional Class are classes of
Fidelity® Global Balanced Fund 

1.883470.100

AGBL-QTLY-0310

Investments January 31, 2010 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 58.6%

Shares

Value

Australia - 3.2%

AMP Ltd.

200,401

$ 1,109,301

BHP Billiton Ltd.

59,034

2,051,360

Coca-Cola Amatil Ltd.

90,121

871,006

Commonwealth Bank of Australia

33,518

1,577,646

Computershare Ltd.

100,638

1,033,164

Harvey Norman Holdings Ltd.

235,696

766,964

Macquarie Group Ltd.

14,994

665,044

Myer Holdings Ltd.

72,387

204,826

National Australia Bank Ltd.

53,805

1,254,607

Newcrest Mining Ltd.

29,110

811,599

QBE Insurance Group Ltd.

49,668

1,006,622

Ramsay Health Care Ltd.

46,714

473,790

Rio Tinto Ltd.

12,144

730,207

Wesfarmers Ltd.

34,390

836,561

Woolworths Ltd.

37,229

851,305

TOTAL AUSTRALIA

14,244,002

Bailiwick of Jersey - 0.2%

Experian PLC

64,800

616,112

Heritage Oil PLC (a)

21,500

169,823

Shire PLC

9,557

189,272

TOTAL BAILIWICK OF JERSEY

975,207

Belgium - 0.5%

Anheuser-Busch InBev SA NV

20,666

1,031,238

Anheuser-Busch InBev SA NV (strip VVPR) (a)

9,280

64

Fortis (a)

85,300

300,270

Gimv NV

1,900

97,295

Umicore SA

26,092

804,137

TOTAL BELGIUM

2,233,004

Bermuda - 0.3%

Bunge Ltd.

5,000

293,950

Marvell Technology Group Ltd. (a)

22,000

383,460

Seadrill Ltd. (e)

16,800

381,205

Signet Jewelers Ltd. (United Kingdom) (a)

15,000

401,216

TOTAL BERMUDA

1,459,831

Brazil - 0.1%

Banco Santander (Brasil) SA ADR

26,400

317,856

Canada - 2.8%

Agnico-Eagle Mines Ltd. (Canada)

1,500

75,821

Common Stocks - continued

Shares

Value

Canada - continued

Agrium, Inc.

1,500

$ 84,364

Alimentation Couche-Tard, Inc. Class B (sub. vtg.)

13,100

246,735

ARC Energy Trust unit

1,000

18,517

Astral Media, Inc. Class A (non-vtg.)

1,300

41,226

Bank of Montreal

5,500

267,465

Bank of Nova Scotia

8,500

356,359

Barrick Gold Corp.

7,900

274,243

BCE, Inc.

7,200

184,966

Bombardier, Inc. Class B (sub. vtg.)

5,000

23,567

Brookfield Asset Management, Inc. Class A

3,300

66,506

Brookfield Properties Corp.

6,800

81,590

Cameco Corp.

3,000

81,081

Canadian Imperial Bank of Commerce

1,800

107,566

Canadian National Railway Co.

3,400

169,539

Canadian Natural Resources Ltd.

6,600

421,257

Canadian Oil Sands Trust

3,500

90,798

Canadian Pacific Railway Ltd.

2,200

103,859

Canadian Tire Ltd. Class A (non-vtg.)

1,100

55,015

Canadian Utilities Ltd. Class A (non-vtg.)

1,500

60,685

Celestica, Inc. (sub. vtg.) (a)

14,600

142,546

Cenovus Energy, Inc.

6,700

154,827

CGI Group, Inc. Class A (sub. vtg.) (a)

23,900

314,927

CI Financial Corp.

7,300

149,031

Compton Petroleum Corp. (a)

49,500

43,977

Corus Entertainment, Inc. Class B (non-vtg.)

400

6,958

Crescent Point Energy Corp.

3,300

116,810

Eldorado Gold Corp. (a)

3,800

45,132

Emera, Inc.

2,300

49,751

Enbridge, Inc.

4,000

173,609

EnCana Corp.

8,400

256,878

Fairborne Energy Trust (a)

13,300

60,946

Fairfax Financial Holdings Ltd. (sub. vtg.)

200

67,859

First Quantum Minerals Ltd.

1,900

137,796

Fortis, Inc.

2,100

54,400

George Weston Ltd.

700

45,104

Gildan Activewear, Inc. (a)

3,800

81,487

Goldcorp, Inc.

10,000

338,913

HudBay Minerals, Inc. (a)

2,800

31,658

Husky Energy, Inc.

3,000

74,628

IAMGOLD Corp.

3,500

46,119

IESI-BFC Ltd.

3,800

59,951

IGM Financial, Inc.

2,300

89,737

Common Stocks - continued

Shares

Value

Canada - continued

Imperial Oil Ltd.

3,400

$ 122,226

Inmet Mining Corp.

900

45,577

Intact Financial Corp.

1,100

38,844

Iteration Energy Ltd. (a)

51,500

58,276

Keyera Facilities Income Fund

37,670

854,647

Kinross Gold Corp.

8,400

135,981

Magna International, Inc. Class A (sub. vtg.)

3,100

170,525

Manulife Financial Corp.

5,200

95,023

Methanex Corp.

4,100

91,639

Metro, Inc. Class A (sub. vtg.)

1,000

36,538

Nexen, Inc.

3,900

85,382

Niko Resources Ltd.

1,700

156,979

Open Text Corp. (a)

1,400

55,159

Osisko Mining Corp. (a)

6,000

43,991

PetroBakken Energy Ltd. Class A

10,917

302,711

Petrobank Energy & Resources Ltd. (a)

6,800

335,962

Potash Corp. of Saskatchewan, Inc.

2,600

257,544

Power Corp. of Canada (sub. vtg.)

4,700

123,335

Power Financial Corp.

1,500

42,308

Progress Energy Resources Corp.

3,800

49,077

Quebecor, Inc. Class B (sub. vtg.)

1,800

48,261

Red Back Mining, Inc. (a)

3,000

45,086

Research In Motion Ltd. (a)

6,700

421,832

RioCan (REIT)

4,100

73,196

Rogers Communications, Inc. Class B (non-vtg.)

7,850

244,904

RONA, Inc. (a)

2,200

32,116

Royal Bank of Canada

13,400

655,150

Shaw Communications, Inc. Class B

3,900

72,580

Silver Wheaton Corp. (a)

3,700

51,038

SNC-Lavalin Group, Inc.

1,400

64,115

Sun Life Financial, Inc.

1,400

40,888

Suncor Energy, Inc.

16,072

507,426

SXC Health Solutions Corp. (a)

1,800

84,521

Talisman Energy, Inc.

13,200

218,375

Teck Resources Ltd. Class B (sub. vtg.) (a)

7,700

252,106

TELUS Corp.

2,050

63,515

Tim Hortons, Inc.

4,500

128,880

Toronto-Dominion Bank

9,200

542,037

TransCanada Corp.

6,300

201,320

Yamana Gold, Inc.

6,000

60,432

TOTAL CANADA

12,263,705

Common Stocks - continued

Shares

Value

Cayman Islands - 0.1%

Hengdeli Holdings Ltd.

668,000

$ 221,980

Herbalife Ltd.

6,000

233,100

TOTAL CAYMAN ISLANDS

455,080

Chile - 0.0%

Embotelladora Andina SA sponsored ADR

5,000

99,400

China - 0.7%

Baidu.com, Inc. sponsored ADR (a)

2,900

1,193,959

BYD Co. Ltd. (H Shares) (a)

65,500

480,033

Tencent Holdings Ltd.

83,700

1,565,342

TOTAL CHINA

3,239,334

Denmark - 0.4%

Carlsberg AS Series B

4,500

335,600

Danske Bank AS (a)

8,869

210,653

FLSmidth & Co. A/S

6,100

388,682

Novo Nordisk AS Series B

14,288

966,660

William Demant Holding AS (a)

600

46,824

TOTAL DENMARK

1,948,419

Finland - 0.2%

Fortum Corp.

22,000

558,266

Metso Corp.

6,900

231,565

Nokian Tyres PLC

9,768

236,153

TOTAL FINLAND

1,025,984

France - 2.3%

Alstom SA

4,522

301,923

Atos Origin SA (a)

7,275

338,330

AXA SA

31,047

639,260

Cap Gemini SA

5,300

235,332

CFAO SA

2,400

95,821

Essilor International SA

8,188

476,295

Groupe Eurotunnel SA

11,600

111,829

Iliad Group SA

3,741

414,617

L'Oreal SA

7,600

801,311

PPR SA

5,000

609,711

Remy Cointreau SA

9,000

451,076

Sanofi-Aventis

26,179

1,935,721

Schneider Electric SA

9,344

963,936

Societe Generale Series A

12,401

717,461

Common Stocks - continued

Shares

Value

France - continued

Total SA sponsored ADR

33,400

$ 1,923,506

Vallourec SA

1,180

202,957

TOTAL FRANCE

10,219,086

Germany - 1.6%

Aixtron AG

3,800

114,311

BASF AG

15,770

895,047

Bayerische Motoren Werke AG (BMW)

9,668

412,089

Deutsche Bank AG

9,600

585,312

Deutsche Boerse AG

8,498

556,315

Deutsche Lufthansa AG (Reg.)

9,900

158,446

Deutsche Postbank AG (a)

7,000

213,127

E.ON AG

36,762

1,349,313

HeidelbergCement AG

8,530

514,019

Infineon Technologies AG (a)

37,000

201,650

Linde AG

4,724

516,397

Metro AG

2,500

136,367

Rheinmetall AG

6,700

426,204

SAP AG

16,238

735,906

Siemens AG (Reg.)

4,369

389,322

TOTAL GERMANY

7,203,825

Greece - 0.2%

Coca-Cola Hellenic Bottling Co. SA

10,100

231,477

Fourlis Holdings SA

16,600

202,060

National Bank of Greece SA (a)

27,200

594,546

TOTAL GREECE

1,028,083

Hong Kong - 0.8%

BOC Hong Kong Holdings Ltd.

188,500

395,746

Hang Seng Bank Ltd.

56,900

799,566

Li & Fung Ltd.

170,000

779,500

Sun Hung Kai Properties Ltd.

41,000

529,666

Swire Pacific Ltd. (A Shares)

71,000

775,939

TOTAL HONG KONG

3,280,417

India - 0.1%

Dr. Reddy's Laboratories Ltd. sponsored ADR (e)

14,000

331,940

Ireland - 0.5%

Covidien PLC

17,000

859,520

CRH PLC

20,747

498,204

Common Stocks - continued

Shares

Value

Ireland - continued

Ingersoll-Rand Co. Ltd.

17,600

$ 571,296

Warner Chilcott PLC (a)

10,000

273,300

TOTAL IRELAND

2,202,320

Israel - 0.6%

Teva Pharmaceutical Industries Ltd. sponsored ADR

46,000

2,609,120

Italy - 0.4%

Fiat SpA (a)

18,600

233,086

Intesa Sanpaolo SpA

170,136

647,623

Mediaset SpA

72,400

549,555

Prysmian SpA

13,100

237,745

TOTAL ITALY

1,668,009

Japan - 6.4%

ACOM Co. Ltd. (e)

4,480

77,223

Aisin Seiki Co. Ltd.

7,900

209,686

Ajinomoto Co., Inc.

39,000

370,256

Alps Electric Co. Ltd. (a)

24,100

138,294

Asahi Glass Co. Ltd.

11,000

110,402

Bridgestone Corp.

23,200

371,889

Canon, Inc.

11,700

457,305

Chuo Mitsui Trust Holdings, Inc.

233,000

828,548

Citizen Holdings Co. Ltd.

22,300

146,740

CyberAgent, Inc.

42

73,513

Daicel Chemical Industries Ltd.

74,000

445,951

Dainippon Screen Manufacturing Co. Ltd. (a)

25,000

122,964

Daiwa House Industry Co. Ltd.

93,000

982,851

Denso Corp.

26,200

773,491

Fuji Machine Manufacturing Co. Ltd.

3,400

51,940

Fujifilm Holdings Corp.

6,700

214,580

Fujitsu Ltd.

48,000

295,646

Hitachi Transport System Ltd.

7,100

94,305

Honda Motor Co. Ltd.

27,600

935,288

Japan Tobacco, Inc.

86

311,532

JSR Corp.

27,000

533,300

Kakaku.com, Inc.

56

206,580

Kansai Paint Co. Ltd.

15,000

121,967

Kobayashi Pharmaceutical Co. Ltd.

8,800

351,435

Kuraray Co. Ltd.

56,500

659,699

Lawson, Inc.

2,900

131,716

Matsumotokiyoshi Holdings Co. Ltd.

12,200

267,057

Mitsubishi Electric Corp. (a)

43,000

336,779

Common Stocks - continued

Shares

Value

Japan - continued

Mitsubishi Tanabe Pharma Corp.

12,000

$ 170,422

Mitsubishi UFJ Financial Group, Inc.

285,500

1,469,122

Mitsubishi UFJ Lease & Finance Co. Ltd.

7,100

245,397

Mitsui & Co. Ltd.

60,900

898,624

Mitsui Sumitomo Insurance Group Holdings, Inc.

37,200

933,400

NHK Spring Co. Ltd.

17,000

148,399

Nichi-iko Pharmaceutical Co. Ltd.

5,400

165,105

Nippon Building Fund, Inc.

41

362,446

Nippon Electric Glass Co. Ltd.

22,000

310,978

Nippon Express Co. Ltd.

56,000

235,737

Nippon Oil Corp.

28,000

131,206

Nippon Sheet Glass Co. Ltd.

33,000

85,543

Nippon Steel Corp.

196,000

714,346

Nippon Television Network Corp.

7,240

993,726

Nissan Motor Co. Ltd. (a)

22,100

179,637

Nomura Holdings, Inc.

55,900

417,901

NSK Ltd.

97,000

705,982

NTT DoCoMo, Inc.

396

592,742

Okinawa Cellular Telephone Co.

56

103,724

ORIX Corp.

9,540

718,644

Osaka Securities Exchange Co. Ltd.

42

233,566

Park24 Co. Ltd.

14,200

149,755

Rakuten, Inc.

665

544,406

ROHM Co. Ltd.

3,800

256,364

Samco, Inc.

2,600

61,925

Sega Sammy Holdings, Inc.

7,400

83,452

Shin-Etsu Chemical Co., Ltd.

12,100

634,020

Shinko Electric Industries Co.Ltd.

24,900

337,627

SKY Perfect JSAT Holdings, Inc.

420

179,827

SMC Corp.

4,800

581,190

SOFTBANK CORP.

3,700

94,314

Sony Corp.

18,000

600,296

Stanley Electric Co. Ltd.

19,200

367,963

Sumco Corp.

7,300

125,993

Sumitomo Corp.

9,500

107,239

Sumitomo Electric Industries Ltd.

54,700

720,486

Sumitomo Mitsui Financial Group, Inc.

12,600

409,671

T&D Holdings, Inc.

21,750

451,288

Taiyo Yuden Co. Ltd.

10,000

153,983

TDK Corp.

15,700

1,019,187

Tokai Carbon Co. Ltd.

34,000

160,075

Toridoll Corp.

59

109,739

Common Stocks - continued

Shares

Value

Japan - continued

Toshiba Corp. (a)

128,000

$ 704,730

Toyota Motor Corp.

12,500

480,767

Uni-Charm Corp.

3,600

342,173

West Japan Railway Co.

89

307,118

TOTAL JAPAN

28,421,172

Korea (South) - 0.0%

Kia Motors Corp. (a)

9,000

151,825

Luxembourg - 0.1%

ArcelorMittal SA (Netherlands)

14,430

558,606

Netherlands - 0.9%

Akzo Nobel NV

9,065

539,591

ASML Holding NV:

(Netherlands)

15,900

499,340

(NY Shares)

6,600

206,250

James Hardie Industries NV unit (a)

72,748

482,456

Koninklijke KPN NV

32,921

545,103

Koninklijke Philips Electronics NV

26,400

797,202

QIAGEN NV (a)

9,100

198,016

TNT NV

2,000

57,415

Unilever NV (Certificaten Van Aandelen) (Bearer) unit

26,500

811,403

TOTAL NETHERLANDS

4,136,776

Netherlands Antilles - 0.1%

Schlumberger Ltd.

4,000

253,840

Norway - 0.4%

DnB NOR ASA (a)

41,200

465,243

Pronova BioPharma ASA (a)

16,900

49,726

Sevan Marine ASA (a)

70,000

100,756

Storebrand ASA (A Shares) (a)

75,500

527,822

Telenor ASA (a)

32,400

421,086

TOTAL NORWAY

1,564,633

Papua New Guinea - 0.2%

Lihir Gold Ltd.

152,652

373,902

Oil Search Ltd.

105,546

490,911

TOTAL PAPUA NEW GUINEA

864,813

Singapore - 0.7%

Avago Technologies Ltd.

34,000

590,920

CapitaLand Ltd.

235,500

646,421

Keppel Corp. Ltd.

49,000

291,648

Common Stocks - continued

Shares

Value

Singapore - continued

Olam International Ltd.

192,538

$ 327,229

Raffles Education Corp. Ltd.

346,629

98,597

United Overseas Bank Ltd.

74,000

955,620

TOTAL SINGAPORE

2,910,435

South Africa - 0.1%

Impala Platinum Holdings Ltd.

9,500

246,143

Spain - 0.8%

Banco Santander SA

79,221

1,123,391

Cintra Concesiones de Infrastructuras de Transporte SA

16,400

171,063

Inditex SA

8,900

560,203

Sol Melia SA

20,600

169,027

Telefonica SA sponsored ADR

17,700

1,267,320

TOTAL SPAIN

3,291,004

Sweden - 0.4%

Modern Times Group MTG AB (B Shares)

8,200

376,024

Sandvik AB

28,200

306,414

Skandinaviska Enskilda Banken AB (A Shares) (a)

49,700

294,333

SKF AB (B Shares)

25,000

386,246

Swedbank AB (A Shares)

28,946

249,056

TOTAL SWEDEN

1,612,073

Switzerland - 1.9%

Actelion Ltd. (Reg.) (a)

6,821

360,862

Credit Suisse Group (Reg.)

10,518

454,957

Nestle SA (Reg.)

30,879

1,463,649

Nobel Biocare Holding AG (Switzerland)

7,685

226,035

Novartis AG (Reg.)

28,896

1,546,294

Roche Holding AG (participation certificate)

10,675

1,790,871

Schindler Holding AG (participation certificate)

3,753

277,425

Sonova Holding AG Class B

4,406

545,303

Swiss Reinsurance Co. (Reg.)

10,026

433,402

The Swatch Group AG (Bearer)

1,100

287,538

Transocean Ltd. (a)

1,800

152,532

UBS AG:

(For. Reg.) (a)

70,716

922,234

(NY Shares) (a)

2,545

33,110

TOTAL SWITZERLAND

8,494,212

Turkey - 0.1%

Turkiye Is Bankasi AS Series C

47,000

208,791

Common Stocks - continued

Shares

Value

United Kingdom - 5.2%

Anglo American PLC (United Kingdom) (a)

31,455

$ 1,154,081

Barclays PLC

214,483

916,674

Barratt Developments PLC (a)

40,100

76,114

Bellway PLC

9,800

115,457

BG Group PLC

57,036

1,048,506

Bovis Homes Group PLC (a)

14,300

90,385

BP PLC

99,100

924,578

BP PLC sponsored ADR

17,000

954,040

British American Tobacco PLC sponsored ADR

3,000

199,620

BT Group PLC

227,600

496,692

Burberry Group PLC

33,900

330,907

Carphone Warehouse Group PLC

73,500

223,029

Centrica PLC

167,428

718,752

Ensco International Ltd. ADR

3,000

117,090

HSBC Holdings PLC sponsored ADR

47,222

2,526,849

Imperial Tobacco Group PLC

37,288

1,202,419

InterContinental Hotel Group PLC

22,229

317,895

Invensys PLC

100,400

490,941

ITV PLC

622,700

558,385

Misys PLC (a)

82,800

282,781

Mothercare PLC

52,400

535,932

National Grid PLC

78,300

786,400

Reckitt Benckiser Group PLC

19,124

991,352

Rio Tinto PLC (Reg.)

26,998

1,316,520

Rolls-Royce Group PLC

53,000

403,822

Royal Dutch Shell PLC Class A (United Kingdom)

81,937

2,264,641

Salamander Energy PLC (a)

43,800

184,847

Schroders PLC

17,800

351,759

Serco Group PLC

33,846

269,029

SSL International PLC

24,259

300,601

Standard Chartered PLC (United Kingdom)

36,654

844,252

Taylor Wimpey PLC (a)

337,373

207,230

The Game Group PLC

87,900

129,001

Tomkins PLC

87,200

260,919

Vedanta Resources PLC

4,800

184,108

Vodafone Group PLC sponsored ADR

22,600

484,996

Whitbread PLC

9,483

212,052

Wolseley PLC (a)

18,486

406,696

TOTAL UNITED KINGDOM

22,879,352

United States of America - 26.3%

3M Co.

5,500

442,695

Common Stocks - continued

Shares

Value

United States of America - continued

Advanced Micro Devices, Inc. (a)

25,000

$ 186,500

AGA Medical Holdings, Inc.

3,000

42,990

AGCO Corp. (a)

9,000

278,190

Agilent Technologies, Inc.

45,000

1,261,350

Allegheny Technologies, Inc.

13,000

531,050

Allergan, Inc.

1,900

109,250

Amazon.com, Inc. (a)

11,100

1,392,051

American Express Co.

129,300

4,869,438

Anadarko Petroleum Corp.

32,500

2,072,850

Apple, Inc. (a)

23,500

4,514,820

Applied Micro Circuits Corp. (a)

49,000

359,170

Arena Resources, Inc. (a)

12,200

467,748

Baker Hughes, Inc.

18,000

815,040

Bank of America Corp.

117,000

1,776,060

Berkshire Hathaway, Inc. Class B (a)

18,000

1,375,740

BioMarin Pharmaceutical, Inc. (a)

13,000

252,590

BMC Software, Inc. (a)

16,044

619,940

Bruker BioSciences Corp. (a)

25,000

306,750

Bucyrus International, Inc. Class A

5,000

261,900

CareFusion Corp. (a)

38,000

978,500

Celanese Corp. Class A

88,300

2,569,530

Cerner Corp. (a)

6,000

453,900

Charles Schwab Corp.

56,000

1,024,240

CIGNA Corp.

67,000

2,262,590

Cisco Systems, Inc. (a)

85,200

1,914,444

Citrix Systems, Inc. (a)

52,000

2,160,600

Cliffs Natural Resources, Inc.

1,000

39,950

CME Group, Inc.

2,900

831,778

Cognizant Technology Solutions Corp. Class A (a)

11,100

484,626

Comerica, Inc.

96,000

3,312,960

CSX Corp.

13,000

557,180

Cummins, Inc.

52,000

2,348,320

Deere & Co.

5,000

249,750

Dendreon Corp. (a)

17,000

470,900

Diamond Foods, Inc.

11,100

398,712

DineEquity, Inc. (a)

10,000

227,400

Dow Chemical Co.

18,000

487,620

Drew Industries, Inc. (a)

5,000

93,000

DSW, Inc. Class A (a)

3,000

72,300

Eaton Corp.

6,500

398,060

eBay, Inc. (a)

21,000

483,420

EMC Corp. (a)

13,000

216,710

Common Stocks - continued

Shares

Value

United States of America - continued

Estee Lauder Companies, Inc. Class A

34,000

$ 1,785,680

ev3, Inc. (a)

16,000

233,280

Express Scripts, Inc. (a)

11,500

964,390

F5 Networks, Inc. (a)

2,000

98,860

Fiserv, Inc. (a)

3,000

135,120

Fluor Corp.

14,200

643,828

Franklin Resources, Inc.

5,100

505,053

G-III Apparel Group Ltd. (a)

3,700

64,417

General Electric Co.

41,000

659,280

Genworth Financial, Inc. Class A (a)

11,000

152,240

Google, Inc. Class A (a)

4,900

2,594,158

Group 1 Automotive, Inc. (a)

2,000

58,000

Harley-Davidson, Inc.

2,000

45,480

Hewitt Associates, Inc. Class A (a)

8,000

315,840

Hewlett-Packard Co.

31,000

1,459,170

ImmunoGen, Inc. (a)

19,000

132,810

Informatica Corp. (a)

29,000

687,010

International Coal Group, Inc. (a)

15,000

53,550

iRobot Corp. (a)

47,000

742,600

J. Crew Group, Inc. (a)

6,000

235,260

J.B. Hunt Transport Services, Inc.

4,000

122,640

Jacobs Engineering Group, Inc. (a)

16,100

608,419

Johnson Controls, Inc.

14,027

390,371

JPMorgan Chase & Co.

52,300

2,036,562

King Pharmaceuticals, Inc. (a)

7,000

84,070

Lam Research Corp. (a)

26,000

858,260

Life Technologies Corp. (a)

5,000

248,550

Lithia Motors, Inc. Class A (sub. vtg.) (a)

10,000

78,000

Mako Surgical Corp. (a)

43,000

493,640

Mariner Energy, Inc. (a)

15,100

218,195

Medco Health Solutions, Inc. (a)

8,000

491,840

Merck & Co., Inc.

130,600

4,986,308

Micromet, Inc. (a)

25,000

194,250

Microsoft Corp.

158,900

4,477,802

Micrus Endovascular Corp. (a)

3,000

50,340

Monsanto Co.

15,000

1,138,200

Morgan Stanley

43,600

1,167,608

National Oilwell Varco, Inc.

2,000

81,800

NetApp, Inc. (a)

12,000

349,560

News Corp. Class B

28,000

411,040

NVIDIA Corp. (a)

11,000

169,290

Occidental Petroleum Corp.

46,000

3,603,640

Common Stocks - continued

Shares

Value

United States of America - continued

Peabody Energy Corp.

61,000

$ 2,569,320

Pfizer, Inc.

131,200

2,448,192

Philip Morris International, Inc.

18,000

819,180

Pioneer Drilling Co. (a)

3,000

23,850

Plains Exploration & Production Co. (a)

19,000

633,650

PMC-Sierra, Inc. (a)

17,000

135,150

Polo Ralph Lauren Corp. Class A

3,000

246,000

Precision Castparts Corp.

14,000

1,473,500

Pride International, Inc. (a)

4,100

121,360

Prudential Financial, Inc.

6,000

299,940

Quanex Building Products Corp.

2,000

32,160

Rackspace Hosting, Inc. (a)

4,000

72,880

RadioShack Corp.

5,000

97,600

Raytheon Co. warrants 6/16/11 (a)

112

1,680

Red Hat, Inc. (a)

21,000

571,620

Regal-Beloit Corp.

6,000

284,400

RSC Holdings, Inc. (a)

12,000

86,160

Salesforce.com, Inc. (a)

5,000

317,750

SanDisk Corp. (a)

9,400

238,948

Schweitzer-Mauduit International, Inc.

7,300

549,252

Smith International, Inc.

21,000

636,720

Solera Holdings, Inc.

18,000

595,980

Starbucks Corp. (a)

55,000

1,198,450

Starwood Hotels & Resorts Worldwide, Inc.

3,000

99,960

Stoneridge, Inc. (a)

13,000

90,740

Strayer Education, Inc.

2,800

581,784

SVB Financial Group (a)

6,000

260,340

Taleo Corp. Class A (a)

11,000

223,410

TECO Energy, Inc.

85,000

1,323,450

Teradyne, Inc. (a)

151,000

1,410,340

Terra Industries, Inc.

16,000

505,600

TETRA Technologies, Inc. (a)

30,000

313,800

The Coca-Cola Co.

9,700

526,225

The Stanley Works

3,000

153,750

The Walt Disney Co.

39,000

1,152,450

Thor Industries, Inc.

7,000

222,250

Titanium Metals Corp. (a)

19,000

220,970

TJX Companies, Inc.

8,000

304,080

Unifirst Corp.

2,000

100,480

Union Pacific Corp.

105,100

6,358,550

United Rentals, Inc. (a)

5,000

40,050

Viacom, Inc. Class B (non-vtg.) (a)

52,800

1,538,592

Common Stocks - continued

Shares

Value

United States of America - continued

Virgin Media, Inc.

15,900

$ 225,621

Visa, Inc. Class A

6,500

533,195

Walgreen Co.

51,000

1,838,550

Watson Pharmaceuticals, Inc. (a)

10,000

383,700

WebMD Health Corp. (a)

17,220

671,236

Wells Fargo & Co.

103,000

2,928,290

WMS Industries, Inc. (a)

45,000

1,668,600

Wyndham Worldwide Corp.

55,953

1,174,453

TOTAL UNITED STATES OF AMERICA

116,103,231

TOTAL COMMON STOCKS

(Cost $241,511,889)

258,501,528

Nonconvertible Preferred Stocks - 0.2%

 

 

 

 

Germany - 0.1%

ProSiebenSat.1 Media AG

46,100

620,463

Italy - 0.1%

Fondiaria-Sai SpA (Risparmio Shares)

18,200

199,948

TOTAL NONCONVERTIBLE PREFERRED STOCKS

(Cost $752,511)

820,411

Corporate Bonds - 15.5%

 

Principal Amount (d)

 

Convertible Bonds - 0.3%

Bermuda - 0.1%

Ingersoll-Rand Global Holding Co. Ltd. 4.5% 4/15/12

$ 250,000

469,075

United States of America - 0.2%

Hertz Global Holdings, Inc. 5.25% 6/1/14

300,000

435,635

James River Coal Co. 4.5% 12/1/15 (f)

190,000

168,245

TOTAL UNITED STATES OF AMERICA

603,880

TOTAL CONVERTIBLE BONDS

1,072,955

Nonconvertible Bonds - 15.2%

Australia - 0.9%

Commonwealth Bank of Australia 5% 10/15/19 (Reg. S)

370,000

373,970

Didon Tunisia Pty. Ltd. 3.7543% 3/13/12 (f)(h)

100,000

89,000

Corporate Bonds - continued

 

Principal Amount (d)

Value

Nonconvertible Bonds - continued

Australia - continued

Fairfax Media Group Finance Pty Ltd. 6.25% 6/15/12

EUR

250,000

$ 344,911

QBE Insurance Group Ltd. 6.125% 9/28/15

GBP

200,000

338,118

Rio Tinto Finance (USA) Ltd. 9% 5/1/19

250,000

319,227

St. George Bank Ltd. 0.985% 3/11/15 (h)

EUR

350,000

468,050

Westpac Banking Corp.:

4.25% 9/22/16

EUR

250,000

355,554

4.875% 11/19/19

600,000

597,003

5% 10/21/19

GBP

300,000

475,928

WT Finance (Aust) Pty Ltd./Westfield Europe Finance PLC/WEA Finance 3.625% 6/27/12

EUR

400,000

554,907

TOTAL AUSTRALIA

3,916,668

Belgium - 0.1%

Fortis Banque SA 4.625% (Reg. S) (h)

EUR

200,000

223,393

Bermuda - 0.0%

MPF Corp. (Norway) AS 8.275% 9/20/11 (c)(f)(h)

300,000

3,000

Northern Offshore Ltd. 4.7543% 6/14/10 (f)(h)

100,000

98,000

TOTAL BERMUDA

101,000

Brazil - 0.1%

Banco do Brasil SA 4.5% 1/22/15 (Reg. S)

500,000

501,000

Canada - 0.5%

British Columbia Province 4.65% 12/18/18

CAD

1,750,000

1,745,090

Nexen, Inc. 7.5% 7/30/39

300,000

340,106

NOVA Chemicals Corp. 8.625% 11/1/19 (f)

180,000

182,700

TOTAL CANADA

2,267,896

Cayman Islands - 0.3%

Hutchison Whampoa International 09 Ltd. 7.625% 4/9/19 (Reg. S)

400,000

458,763

MUFG Capital Finance 5 Ltd. 6.299% (h)

GBP

300,000

407,125

Thames Water Utilities Cayman Finance Ltd. 6.125% 2/4/13

EUR

150,000

226,524

TOTAL CAYMAN ISLANDS

1,092,412

France - 1.2%

BNP Paribas SA:

0.4666% 11/23/15 (h)

200,000

196,600

5.019% (h)

EUR

150,000

175,733

Corporate Bonds - continued

 

Principal Amount (d)

Value

Nonconvertible Bonds - continued

France - continued

Caisse Nationale des Caisses d' Epargne et de Prevoyance 6.117% (h)

EUR

50,000

$ 52,408

Compagnie de St. Gobain:

0.942% 4/11/12 (h)

EUR

175,000

235,707

6% 5/20/13

EUR

50,000

75,356

Credit Agricole SA 4.13% (h)

EUR

200,000

224,408

Credit Commercial de France 4.875% 1/15/14

EUR

250,000

370,221

Credit Logement SA:

1.314% (h)

EUR

150,000

164,294

4.604% (h)

EUR

250,000

282,815

EDF SA:

4.625% 9/11/24

EUR

150,000

211,713

6.95% 1/26/39 (f)

250,000

291,367

Lafarge SA 8.75% 5/30/17

GBP

250,000

468,982

Natixis SA 0.92% 1/26/17 (h)

EUR

100,000

121,357

Safran SA 4% 11/26/14

EUR

550,000

771,134

Societe Generale 0.895% 6/7/17 (h)

EUR

100,000

131,996

Societe Generale SCF 4% 7/7/16

EUR

450,000

647,892

TPSA Eurofinance France SA 6% 5/22/14

EUR

100,000

152,105

Veolia Environnement 6.125% 11/25/33

EUR

250,000

388,542

Vivendi 5.75% 4/4/13 (Reg. S)

300,000

320,766

TOTAL FRANCE

5,283,396

Germany - 0.6%

Bayerische Landesbank Girozentrale 4.5% 2/7/19 (h)

EUR

250,000

293,175

Commerzbank AG:

4.125% 9/13/16 (h)

EUR

300,000

388,512

5.625% 11/29/17 (h)

EUR

100,000

137,188

Deutsche Boerse AG 7.5% 6/13/38 (h)

EUR

200,000

295,486

Hella KGaA Hueck & Co. 7.25% 10/20/14

EUR

75,000

106,272

Landesbank Berlin AG 5.875% 11/25/19

EUR

500,000

706,614

Thyssenkrupp AG 8% 6/18/14

EUR

200,000

310,892

Volkswagen Leasing GmbH 4.875% 10/18/12

EUR

250,000

365,995

WestLB AG 3.5% 9/3/12

EUR

120,000

170,272

TOTAL GERMANY

2,774,406

India - 0.1%

Export-Import Bank of India 0.7863% 6/7/12 (h)

JPY

20,000,000

213,989

Ireland - 0.2%

Allied Irish Banks PLC 5.25% 3/10/25 (h)

GBP

160,000

162,909

Corporate Bonds - continued

 

Principal Amount (d)

Value

Nonconvertible Bonds - continued

Ireland - continued

Ardagh Glass Group PLC 10.75% 3/1/15 pay-in-kind

EUR

321,694

$ 434,862

TransCapitalInvest Ltd. 5.67% 3/5/14 (Reg. S)

400,000

405,204

TOTAL IRELAND

1,002,975

Italy - 0.6%

Assicurazioni Generali SpA 5.125% 9/16/24

EUR

250,000

367,544

Banca Italease SpA 0.922% 2/2/10 (h)

EUR

400,000

554,580

Intesa Sanpaolo SpA:

3.75% 11/23/16

EUR

350,000

483,908

6.375% 11/12/17 (h)

GBP

150,000

252,653

Telecom Italia SpA 6.75% 3/21/13

EUR

150,000

230,811

Unione di Banche Italiane SCPA 4% 12/16/19

EUR

650,000

892,728

TOTAL ITALY

2,782,224

Japan - 0.1%

Fukoku Mutual Life Insurance Co. 4.5% 9/28/25 (h)

EUR

250,000

255,213

Korea (South) - 0.4%

Export-Import Bank of Korea 5.875% 1/14/15

200,000

214,745

Kookmin Bank 5.875% 6/11/12

200,000

213,490

Korea Hydro & Nuclear Power Co. Ltd. 6.25% 6/17/14

300,000

326,087

National Agricultural Cooperative Federation 5% 9/30/14 (Reg. S)

200,000

206,200

Shinhan Bank:

5.663% 3/2/35 (h)

350,000

317,685

6% 6/29/12 (Reg. S)

300,000

320,867

Woori Bank 7.63% 4/14/15 (f)

250,000

272,222

TOTAL KOREA (SOUTH)

1,871,296

Luxembourg - 0.5%

Enel Finance International SA 6% 10/7/39 (Reg. S)

400,000

399,518

Gaz Capital SA (Luxembourg):

6.212% 11/22/16 (Reg. S)

250,000

246,395

6.58% 10/31/13

GBP

100,000

161,995

7.51% 7/31/13 (Reg S.)

200,000

211,824

Glencore Finance (Europe) SA 7.125% 4/23/15

EUR

150,000

231,921

OAO Industry & Construction Bank 6.2% 9/29/15 (Issued by Or-ICB SA for OAO Industry & Construction Bank) (h)

800,000

797,520

Corporate Bonds - continued

 

Principal Amount (d)

Value

Nonconvertible Bonds - continued

Luxembourg - continued

Olivetti Finance NV 7.75% 1/24/33

EUR

100,000

$ 167,734

Russian Standard Finance SA 7.5% 10/7/10 (Reg. S)

100,000

98,750

TOTAL LUXEMBOURG

2,315,657

Malaysia - 0.1%

Petronas Capital Ltd. 5.25% 8/12/19 (Reg. S)

200,000

201,608

Netherlands - 0.9%

Allianz Finance II BV 4.75% 7/22/19

EUR

100,000

146,747

Bayer Capital Corp. BV 4.625% 9/26/14

EUR

325,000

483,359

BOATS Investments (Netherlands) BV 11% 3/31/17 pay-in-kind

EUR

340,795

245,823

Deutsche Telekom International Financial BV 7.5% 1/24/33

EUR

200,000

354,299

Eureko BV 5.125% (h)

EUR

600,000

653,018

ING Bank NV 4.75% 5/27/19

EUR

700,000

1,030,188

KBC IFIMA NV 4.5% 9/17/14

EUR

250,000

354,915

Koninklijke KPN NV 5.625% 9/30/24

EUR

300,000

447,226

Rabobank Nederland 0.792% 7/28/15 (h)

EUR

150,000

200,616

Siemens Financieringsmaatschappij NV 6.125% 9/14/66 (h)

GBP

150,000

239,218

TOTAL NETHERLANDS

4,155,409

Norway - 0.5%

DnB NOR Bank ASA 4.5% 5/29/14

EUR

200,000

293,943

Kommunalbanken AS 5.125% 5/30/12

1,900,000

2,051,297

Petrolia Drilling ASA 12% 6/20/12 (f)

NOK

500,000

40,519

TOTAL NORWAY

2,385,759

Portugal - 0.1%

Banco Comercial Portugues SA 3.75% 10/8/16

EUR

400,000

553,316

Russia - 0.1%

Raspadskaya Securities Ltd. 7.5% 5/22/12

200,000

202,968

Spain - 0.2%

Mapfre SA 5.921% 7/24/37 (h)

EUR

450,000

536,943

Santander Issuances SA Unipersonal 1.047% 7/25/17 (h)

EUR

150,000

197,486

Telefonica Emisiones SAU 4.693% 11/11/19

EUR

250,000

348,875

TOTAL SPAIN

1,083,304

Corporate Bonds - continued

 

Principal Amount (d)

Value

Nonconvertible Bonds - continued

Sweden - 0.1%

Nordea Bank AB 0.4566% 6/9/16 (h)

$ 400,000

$ 387,339

Svenska Handelsbanken AB 0.4036% 3/15/16 (h)

200,000

192,788

TOTAL SWEDEN

580,127

Switzerland - 0.1%

Credit Suisse New York Branch 5.4% 1/14/20

500,000

499,335

Thailand - 0.0%

True Move Co. Ltd. 10.75% 12/16/13 (Reg. S)

200,000

201,000

United Arab Emirates - 0.2%

Abu Dhabi National Energy Co. PJSC:

4.75% 9/15/14 (Reg. S)

300,000

291,750

6.5% 10/27/36

300,000

275,268

Emirates Bank International PJSC 4.7806% 4/30/12 (h)

229,000

207,350

TOTAL UNITED ARAB EMIRATES

774,368

United Kingdom - 3.1%

3i Group PLC 0.918% 6/8/12 (h)

EUR

400,000

503,076

BAA Funding Ltd. 4.6% 2/15/20 (Reg. S) (h)

EUR

550,000

706,676

Bank of Scotland 6.375% 8/16/19

GBP

400,000

595,621

Barclays Bank PLC:

0.4506% 6/27/16 (f)(h)

100,000

92,151

0.4619% 5/25/15 (h)

550,000

536,532

5.25% 5/27/14

EUR

300,000

448,390

6.75% 1/16/23 (h)

GBP

300,000

498,793

14% (h)

GBP

100,000

204,861

BAT International Finance PLC:

4.875% 2/24/21

EUR

100,000

142,558

8.125% 11/15/13

200,000

235,500

BG Energy Capital PLC 3.375% 7/15/13

EUR

150,000

213,135

Broadgate PLC 1.405% 10/5/25 (h)

GBP

31,250

36,964

Credit Suisse London Branch 4.75% 8/5/19

EUR

300,000

426,404

Daily Mail & General Trust PLC:

5.75% 12/7/18

GBP

150,000

212,187

5.75% 12/7/18

GBP

150,000

202,402

Experian Finance PLC 4.75% 2/4/20 (g)

EUR

150,000

210,411

First Hydro Finance PLC 9% 7/31/21

GBP

200,000

368,487

Imperial Tobacco Finance:

7.25% 9/15/14

EUR

150,000

240,064

8.375% 2/17/16

EUR

600,000

1,022,200

InterContinental Hotel Group PLC 6% 12/9/16

GBP

250,000

398,861

Corporate Bonds - continued

 

Principal Amount (d)

Value

Nonconvertible Bonds - continued

United Kingdom - continued

Legal & General Group PLC 4% 6/8/25 (h)

EUR

150,000

$ 174,252

Marks & Spencer PLC:

6.125% 12/2/19

GBP

100,000

163,915

7.125% 12/1/37 (f)

200,000

213,690

National Express Group PLC 6.25% 1/13/17

GBP

150,000

241,782

Nationwide Building Society:

0.93% 12/22/16 (h)

EUR

150,000

172,238

3.375% 8/17/15 (h)

EUR

455,000

599,205

Northern Rock PLC 0.349% 10/21/10 (h)

250,000

239,555

Old Mutual PLC:

4.5% 1/18/17 (h)

EUR

150,000

171,833

5% 1/21/16 (h)

GBP

50,000

71,986

7.125% 10/19/16

GBP

200,000

333,219

Prudential PLC 6.125% 12/19/31

GBP

110,000

168,119

Rexam PLC 4.375% 3/15/13

EUR

250,000

354,429

Royal Bank of Scotland PLC:

0.4494% 4/11/16 (h)

250,000

200,276

5.75% 5/21/14

EUR

250,000

367,884

6.934% 4/9/18

EUR

300,000

410,790

Scottish & Southern Energy PLC 6.25% 8/27/38

GBP

150,000

268,676

Society of Lloyd's 6.875% 11/17/25 (h)

GBP

200,000

326,547

Standard Chartered Bank:

0.5794% 2/3/15 (h)

100,000

99,582

5.875% 9/26/17 (Reg. S)

EUR

250,000

375,726

Tesco PLC 5.875% 9/12/16

EUR

100,000

157,402

UBS AG Jersey Branch:

0.4013% 4/18/16 (h)

250,000

235,913

0.864% 11/17/15 (h)

EUR

350,000

462,669

UBS AG London Branch 6.25% 9/3/13

EUR

100,000

152,065

Ukrsotsbank 8% 2/22/10 (Issued by Credit Suisse First Boston International for Ukrsotsbank)

100,000

99,408

Vodafone Group PLC 0.5356% 2/27/12 (h)

160,000

159,685

Yorkshire Water Services Finance Ltd. 6.375% 8/19/39

GBP

100,000

181,549

TOTAL UNITED KINGDOM

13,697,668

United States of America - 4.2%

Altria Group, Inc.:

8.5% 11/10/13

210,000

247,934

9.25% 8/6/19

400,000

492,506

Corporate Bonds - continued

 

Principal Amount (d)

Value

Nonconvertible Bonds - continued

United States of America - continued

Anheuser-Busch InBev Worldwide, Inc. 5.375% 1/15/20 (Reg. S)

$ 340,000

$ 348,717

BA Covered Bond Issuer 4.125% 4/5/12

EUR

1,700,000

2,418,788

Bank of America Corp.:

4.75% 5/6/19

EUR

250,000

318,523

6.125% 9/15/21

GBP

250,000

406,808

7.375% 5/15/14

115,000

130,345

7.625% 6/1/19

285,000

326,078

CenturyTel, Inc. 7.6% 9/15/39

105,000

109,996

Citigroup, Inc. 4.25% 2/25/30 (h)

EUR

350,000

369,179

ConocoPhillips 6% 1/15/20

350,000

391,430

COX Communications, Inc. 8.375% 3/1/39 (f)

250,000

316,358

Credit Suisse First Boston New York Branch 5% 5/15/13

400,000

431,138

Dominion Resources, Inc. 6.3% 9/30/66 (h)

190,000

176,700

Dow Chemical Co. 8.55% 5/15/19

280,000

334,858

General Electric Capital Corp. 5.9% 5/13/14

160,000

174,471

General Electric Co. 5.25% 12/6/17

200,000

208,859

Glencore Funding LLC 6% 4/15/14 (Reg. S)

309,000

319,268

Goldman Sachs Group, Inc.:

6% 5/1/14

150,000

164,305

6.15% 4/1/18

200,000

212,806

JPMorgan Chase & Co. 5.25% 5/8/13

EUR

250,000

373,832

KeyBank NA:

0.84% 11/21/11 (h)

EUR

50,000

63,915

0.886% 2/9/12 (h)

EUR

510,000

647,369

Liberty Mutual Group, Inc. 5.75% 3/15/14 (f)

250,000

249,439

Merck & Co., Inc. 5.85% 6/30/39

300,000

318,393

Merrill Lynch & Co., Inc.:

4.625% 10/2/13

EUR

260,000

369,867

6.15% 4/25/13

500,000

540,951

6.75% 5/21/13

EUR

150,000

227,512

Morgan Stanley 0.977% 7/20/12 (h)

EUR

430,000

572,976

Motiva Enterprises LLC:

6.85% 1/15/40 (f)

300,000

323,791

6.85% 1/15/40 (Reg. S)

80,000

86,344

Pemex Project Funding Master Trust 5.5% 2/24/25 (Reg. S)

EUR

300,000

383,010

Pfizer, Inc. 6.2% 3/15/19

1,200,000

1,345,387

Plains All American Pipeline LP 8.75% 5/1/19

100,000

124,446

PPL Energy Supply LLC 6.5% 5/1/18

160,000

171,801

Corporate Bonds - continued

 

Principal Amount (d)

Value

Nonconvertible Bonds - continued

United States of America - continued

Roche Holdings, Inc. 6% 3/1/19 (f)

$ 150,000

$ 165,669

SLM Corp. 0.914% 12/15/10 (h)

EUR

200,000

264,529

Southeast Supply Header LLC 4.85% 8/15/14 (f)

300,000

310,347

Sprint Capital Corp. 8.75% 3/15/32

325,000

292,500

Time Warner Cable, Inc.:

6.75% 6/15/39

350,000

371,018

8.25% 2/14/14

200,000

237,589

Toyota Motor Credit Corp. 5.25% 2/3/12

EUR

200,000

294,091

US Bank NA, Cincinnati 4.375% 2/28/17 (h)

EUR

450,000

610,869

Verizon Wireless Capital LLC 5.55% 2/1/14

400,000

441,170

WaMu Covered Bond Program 4.375% 5/19/14

EUR

550,000

783,326

WEA Finance LLC/WT Finance Australia Pty. Ltd. 5.75% 9/2/15 (f)

400,000

429,351

Wells Fargo & Co. 3.75% 10/1/14

300,000

302,616

Xerox Corp. 8.25% 5/15/14

100,000

117,611

TOTAL UNITED STATES OF AMERICA

18,318,786

TOTAL NONCONVERTIBLE BONDS

67,255,173

TOTAL CORPORATE BONDS

(Cost $65,139,288)

68,328,128

Government Obligations - 18.6%

 

Canada - 0.2%

Canadian Government 5.25% 6/1/12

CAD

850,000

863,362

France - 0.2%

French Republic 3.75% 10/25/19

EUR

600,000

846,761

Germany - 3.5%

German Federal Republic:

3.25% 1/4/20

EUR

400,000

556,859

3.75% 1/4/15

EUR

2,300,000

3,405,867

4.75% 7/4/40

EUR

4,000,000

6,344,506

5.625% 1/4/28

EUR

2,960,000

5,002,398

TOTAL GERMANY

15,309,630

Government Obligations - continued

 

Principal
Amount (d)

Value

Greece - 0.9%

Greek Government:

5.25% 5/18/12

EUR

1,700,000

$ 2,275,744

5.5% 8/20/14

EUR

1,400,000

1,854,829

TOTAL GREECE

4,130,573

Ireland - 0.6%

Irish Republic 5% 10/18/20

EUR

1,950,000

2,708,660

Japan - 11.3%

Japan Government:

Inflation-Indexed Bond 1.4% 6/10/18

JPY

218,240,000

2,367,107

0.6% 12/15/10

JPY

950,000,000

10,566,816

0.9% 6/20/13

JPY

110,000,000

1,243,876

1.1% 12/20/12

JPY

18,700,000

212,320

1.3% 3/20/15

JPY

1,040,000,000

11,975,607

1.3% 12/20/19

JPY

500,000,000

5,538,329

1.9% 6/20/16

JPY

799,000,000

9,502,851

1.9% 3/20/29

JPY

208,000,000

2,239,192

2.2% 9/20/39

JPY

210,000,000

2,287,016

2.5% 9/20/36

JPY

350,000,000

4,089,304

TOTAL JAPAN

50,022,418

United Kingdom - 0.2%

UK Treasury GILT:

4% 9/7/16

GBP

200,000

331,582

4.5% 3/7/19

GBP

200,000

334,012

TOTAL UNITED KINGDOM

665,594

United States of America - 1.7%

Federal Home Loan Bank 3.625% 10/18/13

300,000

316,889

Freddie Mac 2.125% 9/21/12

650,000

663,062

U.S. Treasury Bonds 3.5% 2/15/39

300,000

251,438

U.S. Treasury Notes:

2.375% 8/31/14

100,000

100,984

2.375% 9/30/14

2,750,000

2,772,550

2.625% 12/31/14

200,000

203,000

Government Obligations - continued

 

Principal
Amount (d)

Value

United States of America - continued

U.S. Treasury Notes: - continued

3.375% 11/15/19

$ 2,910,000

$ 2,855,438

3.625% 8/15/19

550,000

551,719

TOTAL UNITED STATES OF AMERICA

7,715,080

TOTAL GOVERNMENT OBLIGATIONS

(Cost $76,917,106)

82,262,078

Asset-Backed Securities - 0.3%

 

Clock Finance BV Series 2007-1 Class B2, 0.935% 2/25/15 (h)

EUR

100,000

113,689

Leek Finance PLC Series 2005-15X Class BA, 0.9131% 3/21/37 (h)

GBP

100,000

147,185

Promise K 2006-1 GmbH Series I 2006-1 Class D, 1.386% 3/10/17 (h)

EUR

100,000

28,575

Tesco Property Finance 2 PLC 6.0517% 10/13/39

GBP

250,000

419,621

TS Co.mit One GmbH Series 1 Class C, 1.006% 6/29/13 (h)

EUR

78,654

54,525

VCL No. 11 Ltd. Class A, 1.535% 8/21/15 (h)

EUR

180,534

251,496

Volkswagen Car Lease Series 9 Class B, 0.615% 10/21/13 (h)

EUR

164,031

223,665

Whinstone Capital Management Ltd. Series 2005-1X Class B1, 1.5156% 10/25/45 (h)

GBP

70,098

13,446

TOTAL ASSET-BACKED SECURITIES

(Cost $1,609,994)

1,252,202

Collateralized Mortgage Obligations - 0.1%

 

Private Sponsor - 0.1%

Arkle Master Issuer PLC floater Series 2006-1X
Class 5M1, 0.984% 2/17/52 (h)

EUR

100,000

114,820

Arran Residential Mortgages Funding No. 1 PLC Series 2006-1X Class CC, 0.921% 4/12/56 (h)

EUR

86,463

64,328

Granite Master Issuer PLC:

Series 2005-1 Class A5, 0.525% 12/20/54 (h)

EUR

51,930

66,303

Series 2005-4 Class A5, 0.535% 12/20/54 (h)

EUR

133,116

170,207

Holmes Master Issuer PLC floater Series 2007-1
Class 3C2, 1.104% 7/15/40 (h)

EUR

150,000

189,473

TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS

(Cost $688,544)

605,131

Commercial Mortgage Securities - 0.3%

 

Principal Amount (d)

Value

France - 0.1%

FCC Proudreed Properties Class A, 0.944% 8/18/17 (h)

EUR

173,328

$ 185,039

Paris Prime Community Real Estate Series 2006-1 Class B, 0.924% 4/22/14 (f)(h)

EUR

72,109

89,978

TOTAL FRANCE

275,017

Ireland - 0.0%

European Property Capital 4 PLC Class C, 0.8588% 7/20/14 (h)

GBP

41,701

25,063

German Residential Asset Note Distributor PLC Series 1 Class A, 0.917% 7/20/16 (h)

EUR

173,588

206,473

TOTAL IRELAND

231,536

Japan - 0.0%

JLOC 37 LLC Series X Class B1, 0.6438% 1/15/15 (h)

JPY

13,282,000

36,784

Netherlands - 0.0%

Skyline BV Series 2007-1 Class D, 1.484% 7/22/43 (h)

EUR

100,000

65,496

United Kingdom - 0.2%

Eddystone Finance PLC Series 2006-1:

Class A2, 0.7868% 4/19/21 (h)

GBP

150,000

196,924

Class B, 0.9938% 4/19/21 (h)

GBP

100,000

117,776

Enterprise Inns PLC 6.5% 12/6/18

GBP

95,000

131,881

London & Regional Debt Securitisation No. 1 PLC Class A, 0.82% 10/15/14 (h)

GBP

100,000

130,540

REC Plantation Place Ltd. Series 5 Class A, 0.8456% 7/25/16 (h)

GBP

97,518

122,209

Theatre Hospitals PLC:

Series 2007-1 Class C, 1.31% 10/15/31 (h)

GBP

49,140

36,917

Series 2007-2 Class D, 1.5181% 10/15/31 (h)

GBP

98,280

50,270

TOTAL UNITED KINGDOM

786,517

TOTAL COMMERCIAL MORTGAGE SECURITIES

(Cost $1,719,175)

1,395,350

Supranational Obligations - 0.1%

 

Eurasian Development Bank 7.375% 9/29/14 (Reg. S)
(Cost $200,000)

200,000

212,000

Preferred Securities - 0.0%

Principal Amount

Value

Germany - 0.0%

BayernLB Capital Trust I 6.2032% (h)
(Cost $320,340)

$ 400,000

$ 176,655

Equity Central Funds - 2.5%

Shares

 

Fidelity Emerging Markets Equity Central Fund (i)
(Cost $6,416,620)

63,400

11,036,038

Money Market Funds - 3.6%

 

 

 

 

Fidelity Cash Central Fund, 0.17% (j)

15,312,459

15,312,459

Fidelity Securities Lending Cash Central Fund, 0.18% (b)(j)

756,060

756,060

TOTAL MONEY MARKET FUNDS

(Cost $16,068,519)

16,068,519

Cash Equivalents - 0.0%

Maturity Amount

 

Investments in repurchase agreements in a joint trading account at 0.1%, dated 1/29/10 due 2/1/10 (Collateralized by U.S. Treasury Obligations) #
(Cost $27,000)

$ 27,000

27,000

TOTAL INVESTMENT PORTFOLIO - 99.8%

(Cost $411,370,986)

440,685,040

NET OTHER ASSETS - 0.2%

748,728

NET ASSETS - 100%

$ 441,433,768

Currency Abbreviation

CAD

-

Canadian dollar

EUR

-

European Monetary Unit

GBP

-

British pound

JPY

-

Japanese yen

NOK

-

Norwegian krone

Legend

(a) Non-income producing

(b) Investment made with cash collateral received from securities on loan.

(c) Non-income producing - Issuer is in default.

(d) Principal amount is stated in United States dollars unless otherwise noted.

(e) Security or a portion of the security is on loan at period end.

(f) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $3,335,827 or 0.8% of net assets.

(g) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(h) The coupon rate shown on floating or adjustable rate securities represents the rate at period end.

(i) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. A complete unaudited schedule of portfolio holdings for each Fidelity Central Fund is filed with the SEC for the first and third quarters of each fiscal year on Form N-Q and is available upon request or at the SEC's web site at www.sec.gov. An unaudited holdings listing for the Fund, which presents direct holdings as well as the pro rata share of securities and other investments held indirectly through its investment in underlying non-money market Fidelity Central Funds, is available at fidelity.com. In addition, each Fidelity Central Fund's financial statements, are available on the SEC's web site or upon request

(j) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request.

# Additional information on each counterparty to the repurchase agreement is as follows:

Repurchase Agreement / Counterparty

Value

$27,000 due 2/01/10 at 0.10%

BNP Paribas Securities Corp.

$ 4,002

Banc of America Securities LLC

2,932

Bank of America, NA

1,884

Barclays Capital, Inc.

3,948

Citigroup Global Markets, Inc.

2,932

Credit Suisse Securities (USA) LLC

5,437

ING Financial Markets LLC

1,955

J.P. Morgan Securities, Inc.

1,955

Mizuho Securities USA, Inc.

1,955

 

$ 27,000

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund

Income earned

Fidelity Cash Central Fund

$ 6,620

Fidelity Emerging Markets Equity Central Fund

10,144

Fidelity Securities Lending Cash Central Fund

5,406

Total

$ 22,170

Additional information regarding the Fund's fiscal year to date purchases and sales, including the ownership percentage, of the non Money Market Central Funds is as follows:

Fund

Value, beginning of period

Purchases

Sales Proceeds

Value, end of period

% ownership, end of
period

Fidelity Emerging Markets Equity Central Fund

$ 16,816,665

$ 7,816,834

$ 14,875,650

$ 11,036,038

3.3%

Other Information

The following is a summary of the inputs used, as of January 31, 2010, involving the Fund's assets and liabilities carried at value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:

Description

Total

Level 1

Level 2

Level 3

Investments in Securities:

Equities:

United States of America

$ 116,103,231

$ 116,103,231

$ -

$ -

Japan

28,421,172

23,073,534

5,347,638

-

United Kingdom

22,879,352

4,282,595

18,596,757

-

Australia

14,244,002

12,192,642

2,051,360

-

Canada

12,263,705

12,263,705

-

-

France

10,219,086

1,923,506

8,295,580

-

Switzerland

8,494,212

185,642

8,308,570

-

Germany

7,824,288

-

7,824,288

-

Netherlands

4,136,776

886,722

3,250,054

-

Other

34,736,115

18,617,840

16,118,275

-

Corporate Bonds

68,328,128

-

68,325,128

3,000

Government Obligations

82,262,078

-

82,262,078

-

Asset-Backed Securities

1,252,202

-

1,184,231

67,971

Collateralized Mortgage Obligations

605,131

-

605,131

-

Commercial Mortgage Securities

1,395,350

-

1,156,338

239,012

Supranational Obligations

212,000

-

212,000

-

Preferred Securities

176,655

-

176,655

-

Equity Holdings

11,036,038

11,036,038

-

-

Money Market Funds

16,068,519

16,068,519

-

-

Cash Equivalents

27,000

-

27,000

-

Total Investments in Securities:

$ 440,685,040

$ 216,633,974

$ 223,741,083

$ 309,983

The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value:

Investments in Securities:

Beginning Balance

$ 169,346

Total Realized Gain (Loss)

-

Total Unrealized Gain (Loss)

55,351

Cost of Purchases

-

Proceeds of Sales

(227)

Amortization/Accretion

1,752

Transfers in/out of Level 3

83,761

Ending Balance

$ 309,983

The change in unrealized gain (loss) for the period attributable to Level 3 securities held at January 31, 2010

$ 55,351

The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Transfers in or out of Level 3 represents either the beginning value (for transfers in), or the ending value (for transfers out) of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period.

Income Tax Information

At January 31, 2010, the cost of investment securities for income tax purposes was $413,804,384. Net unrealized appreciation aggregated $26,880,656, of which $44,314,247 related to appreciated investment securities and $17,433,591 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments. When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance with procedures adopted by the Board of Trustees. Factors used in determining value may include significant market or security specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and may be utilized to a significant extent. The value used for net asset value calculation under these procedures may differ from published prices for the same securities. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels. Level 1 - quoted prices in active markets for identical investments. Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.). Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows.

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by an independent pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security events arise, comparisons to the valuation of American Depository Receipts, futures contracts, Exchange traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. For restricted securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated quotations received from independent pricing services or from dealers who make markets in such securities. For corporate bonds, foreign government and government agency obligations, preferred securities, supranational obligations and U.S. government and government agency obligations, pricing services utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as dealer supplied prices and are generally categorized as Level 2 in the hierarchy. For asset backed securities, collateralized mortgage obligations and commercial mortgage securities, pricing services utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and types as well as dealer supplied prices and are generally categorized as Level 2 in the hierarchy.

Investments in open-end mutual funds, including the Fidelity Equity and Money Market Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost, which approximates value and are categorized as Level 2 in the hierarchy.

When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing matrices which consider similar factors that would be used by independent pricing services. These are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances. The Fund invests a significant portion of its assets in below investment grade securities. The value of these securities can be more volatile due to changes in the credit quality of the issuer and is sensitive to changes in economic, market and regulatory conditions.

For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

Quarterly Report

The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.

Quarterly Report

Item 2. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Charles Street Trust's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.

Item 3. Exhibits

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fidelity Charles Street Trust

By:

/s/John R. Hebble

 

John R. Hebble

 

President and Treasurer

 

 

Date:

April 1, 2010

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:

/s/John R. Hebble

 

John R. Hebble

 

President and Treasurer

 

 

Date:

April 1, 2010

By:

/s/Christine Reynolds

 

Christine Reynolds

 

Chief Financial Officer

 

 

Date:

April 1, 2010

EX-99.CERT 2 char99cert.htm

Exhibit EX-99.CERT

I, John R. Hebble, certify that:

1. I have reviewed this report on Form N-Q of Fidelity Charles Street Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: April 1, 2010

/s/John R. Hebble

John R. Hebble

President and Treasurer

I, Christine Reynolds, certify that:

1. I have reviewed this report on Form N-Q of Fidelity Charles Street Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: April 1, 2010

/s/Christine Reynolds

Christine Reynolds

Chief Financial Officer

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